When it comes to investing funds in your business, it can somewhat be challenging. When you’re just starting up, every penny counts. Whether it’s to pay your vendors, your staff, supplies, rent or inventory, every last dollar is calculated. So how do you invest in your company. How do you find a way to put funds aside on a regular basis that can help your company grow in the long run? Well, Mylo might just be the perfect solution!
In 2017, the founders of Mylo made it on the set of Dragon’s Den. What started out as a pitch to promote the company and hopefully get one Dragon to invest ended up with 3 Dragons investing in the multi-million dollar company. So what is Mylo? Why has it gained so much popularity? What did Dragons Joe Mimran, Arlene Dickinson and Michelle Romanow see in the business that made them want to invest their own money? And how can it help you grow your business? Don’t worry! We’ve got answers to all your questions!
Mylo – The app that makes investing easy
An easy solution to when it comes to investing or putting money aside, Mylo is the answer to all your financial goals. How does it work? You simply download the app on your phone, create an account, link the app to your bank accounts and start saving everytime you make a purchase with your debit and credit card. Basically, everytime you buy something using your debit or credit card, Mylo will simply round us the amount and invest the change for you. For example, you buy a coffee at Starbucks and it comes out to 4.60$. Well Mylo will round up your purchase to 5$ and the extra 40 cents will go into a savings account or invested depending on your preference.
When you create your account, you can simply decide what your goal is. Maybe you want to donate money to a charity but never have the chance too. Or you want to invest in stocks. Pay off your loans. Or even better, invest in your business by putting money aside into a savings account. No matter your goal, Mylo will help you achieve it.
Investing in your business has never been easier
As a business owner, you have expenses. Paying vendors, making purchases, stocking up on inventory. So why not make those expenses count? Every time you purchase something for your business, use Mylo to put aside money for your business. Maybe you want to buy a new equipment or software that can make your business thrive? Or maybe you want to invest or collaborate in a project that will bring more visibility to your brand. Whatever the reason, Mylo can help. You can even use Mylo to pay off a business loan faster by putting aside spare change every time you use your card. There are so many benefits to use Mylo.
Although the app was initially created to help the younger generation have a savings account, it’s actually for everyone. The investors of Dragons Den even said it themselves “everyone needs Mylo“. So what are you still waiting for? Download the app today and start investing in the future of your business!