2022: New Year, New Goals
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2022: New Year, New Goals

Youssef Darwich

Hapi New Year!

2021 was a big year for us at Hapi - it marked the start of our journey to rebuild financial services for families.

Thanks to every single one of you who chose us as the platform to invest for their children’s futures. But that’s all 2021 was - a start.

What's in store🤩

We’re already hard at work at making 2022 a huge year and helping your family get closer to your goals.

Here’s a few things we have planned to improve Hapi over the next 12 months.

Instant deposits 💷

While we’ve worked hard to make the process of depositing funds to your Hapi accounts as simple as possible, we know how frustrating it can be to then wait 1 day for the funds to hit your account (or even longer on weekends). This is one of the first things we’re working on changing this year and hopefully you’ll soon be able to see your money hitting your Hapi account as soon as the deposit has been made.

More financial products for your family 🌱

Currently you can only invest in Hapi through a Junior Stocks & Shares ISA or a General Investment Account. While these are two very popular products there is a large group of parents out there looking for more flexibility when it comes to their children’s futures. What if you want to send them to private school? Pay for summer sports camps or music lessons? Or anything else that might come up in their teenage years that you can’t cover from your salary.

This lack of flexibility is one of the main reasons that junior savings accounts still remain more popular than Junior ISAs today. The good news is you don’t have to compromise potential investing returns and switch to a junior savings account if you’re uncomfortable locking the money up. There’s a lesser known product called a Bare Trust that we’re working hard on bringing for you this year.

A Bare Trust still invests the money in your child’s name, uses their tax allowances (it’s not completely tax free but is tax efficient) and it has one main benefit over a Junior ISA. It allows for withdrawals (provided the money is still used to benefit the child) before the child turns 18.

A wider range of investments 📈

Different financial products isn’t all - we’re also working on increasing the options you have to put inside the products. Today you can select between 3 risk levels and 3 themes but we’re working on adding a few more to allow you to tailor your portfolio to your family’s preference.

Don’t worry though - you won’t be overwhelmed! We still believe that for the majority of people actively selecting and trading single stocks and ETFs is both confusing and detrimental to the success of your investments and so will be designing the experience in a way fit for long term investing.

Financial education for your family 📚

It’s all good and well having money, but we’re strong believers that the key to building a sustainable future for your family and children is as much about education as anything else. This won’t be changed overnight but we’ll be focussing a lot more in 2022 in ensuring your family and children (regardless of the age) feel financially literate and empowered to make their own decisions.

A new polish 💅

We’re getting a facelift over the next few months. This won’t be just cosmetic (pictures and colours etc) but you’ll start noticing more small changes happening in the app that will make it an easier and more enjoyable product for you and your family to use. Not much more we can share at this stage but keep your eyes open for this.

We’re always keen to hear more about what you think of the Hapi product.


Have your say on what we’re building and vote for which features you want us to release this year 👉 here

If you want to talk to our product managers and designers and give more detailed feedback email us at: community@hapiplan.com.

Here’s to a great year ahead! 🎆

Disclaimer:

All writers' opinions are their own and should not be read as personal financial advice. Individual investors should make their own decisions or seek independent advice. As with any investment, your capital is at risk and may be going up as well as down which means you may be left with less than your initial investment. The exact tax treatment depends on your individual circumstances and may be subject to changes in the future.

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