The Dubai Financial Market (DFM) made a significant announcement on the second day of the Capital Market Summit with the launch of the upgraded iVestor App. This digital platform is designed to revolutionize financial management for investors, offering a wide range of features to make investment and money management more accessible, efficient, and engaging for retail investors.
The iVestor app is a standalone platform that complements Arena, the integrated capital raising platform for private investments that was introduced on the first day of the summit. Arena provides a private offering alternative to IPOs for family businesses, growth companies, and private companies, giving them access to capital through diverse assets including equity and debt. The iVestor app allows direct subscription in IPOs and Arena opportunities, highlighting DFM’s commitment to enhancing investment accessibility and efficiency in the region.
Developed in collaboration with Emirates NBD and Network International, the iVestor App has evolved from the iVestor card introduced in 2010. The app now offers a comprehensive suite of features to streamline financial management, including the ability to subscribe to public and private offerings, track spending, monitor securities portfolios, manage dividends, and more – all through a smartphone.
One of the key features of the iVestor app is its seamless integration with the xCube trading app, allowing users to transfer funds and start trading immediately. The app also simplifies shared expenses by enabling users to split bills easily. Additionally, users can create saving goals, apply for virtual cards for secure online shopping, and onboard their children to help them build financial knowledge through IPO investments.
DFM’s CEO, Hamed Ali, expressed his excitement about the launch of the iVestor app, emphasizing the platform’s role in delivering seamless solutions to investors and enhancing their digital investment experience. He highlighted the app’s integration with ARENA, making it an integral component of the market platform for initial private offerings. Ali emphasized the importance of technology and collaboration in reshaping the marketplace to be more inclusive and efficient for all stakeholders.
Investors can download the updated iVestor app by visiting www.dfm.ae/ivestor and become early adopters of this innovative platform. The iVestor app is built to empower users to take control of their finances while providing unparalleled accessibility to capital market investment opportunities on a secure and convenient platform.
Overall, the launch of the upgraded iVestor app marks a significant step forward in digital financial management for investors in the region. With its comprehensive features and seamless integration with other financial tools, the app is set to revolutionize the way investors manage their finances and access investment opportunities.