Mylo app has been around for more than 3 years. Mylo rounds your purchases up to the nearest dollar and invests the spare change on your behalf.
Since launching in 2017, over 450,000 Canadians have created accounts to save and invest with Mylo. Using the app's automated savings and investing platform, Mylo users can easily save over $1,000 a year, which can be invested in a diversified portfolio of ETFs and provide valuable tax benefits through the use of TFSA and RRSP accounts. There’s no investment knowledge required, and you don’t have to change your lifestyle. It helps Canadians to turn their spending habits into saving habits.
