Date:
October 22, 2024
UNest app allows the user to open a saving account with a monthly advisory fee of $3 per account.
Los Angeles, April 2, 2020 - UNest, a money saving app, is concerned with the future of kids that study in the US. As the student loans are quite hefty in the North American region, children are often stuck between paying loans and working to pursue their career ahead. And there comes the role of UNest app.
This app gives parents an autonomy to start saving for the future of their kids whenever they feel like with Unest account which costs $3 per account per child. The minimum investment you can make to an account is $25/month. Parents can start investigation at any point of time, even if their child is a 2 year old kid.
More importantly, the money grows tax-free when used for student housing, tuition, computers, books, and other educational expenses. UNest packs a series of features like tax-free growth, easy tracking, personalized goals, personalized Portfolio, and more.
The app was conceived by Ksenia Yudina, founder and CEO of U-Nest. She was formerly a vice president at Capital Group/American Funds (the largest 529 provider in the U.S.).
According to Ksenia Yudina, after facing hurdles for her educational finances, she directed her efforts in building a mobile app.
“I came up with this idea basically based on both my personal and professional experience. I graduated from an MBA program (UCLA’s Anderson School of Management) $180,000 in debt, and that’s not the most expensive MBA program,” quoted Ksenia. “We have developed the first mobile app that helps parents set up and manage 529 college savings plans.”
The app kicked off well and last year, it successfully raised $2 million in funding from a group of investors including The Artemis Fund, Unlock Ventures, Draper Dragon, Band of Angels, and Vested Ventures.
As the app directly related to finance, it offers bank-level security, which helps in keeping all the
sensitive financial data safe. The app includes the strongest browser encryption (265 bit) and secure servers.
To guide its users to stay on track with the latest guidelines and regulations, the app hosts a team of trusted financial advisors, who are registered investment advisor (RIA) with the U.S. Securities and Exchange Commission.
The app is free to download and use on the App Store and Google Play.
