Moola.(JLT) named the ‘Best Goal Based Investing Service’

Gemma Godfrey, CEO and founder, is an ex-Goldman Sachs personality who was in the City A.M.'s Power 100 list the 2017  and was also chosen to join Arnold Schwarzenegger advisory on The Celebrity Apprentice (alongside Jessica Alba, Warren Buffett and YouTube celebrity Justine "iJustine" Ezarik). 

Three years ago as I was searching for robo-advisor actual performance, I spotted Moo.la as one of the promising female led robo advisors along with Sallie Krawcheck`s Ellevest. Sallie and Gemma are both ex-Wall Street female leaders with significant investment experience, and I admit that I have a bias towards this kind of background as it exactly where I come from too. 

In late 2016. Moo.la was already included in the Top50 European Fintechs. Gemma’s venture was addressing the savings crisis problem in the UK. Her message was loud and clear and based on her belief that the domination of men in finance is a problem that can only be solved by us women becoming raw models for others. 

In Spring 2018, Moo.la came across my path again as I met Paul McNamara, the CEO of Evalue, the sophisticated UK financial planning and advice software company. Moo.la was one of the Fintech Evalue`s partnership examples. While Moo.la is a savings platform and one that caters to all those that are intimidated from the investment lingo and the confusing product choices; they wanted to offer their clients realistic, visual scenarios for the inexperienced to become comfortable with their investment choices. Evalue offered piece of mind to Moo.la that behind the scenes, the scenario analysis was as sophisticated as it can get.

On the other hand, Gemma had made a business choice to offer a limited menu of investment choices. Three kinds of investment plans and one additional pure ethical portfolio. There is no `luxury` of customization and the focus is on offering comfort for the pre-designed investment choices. The philosophy behind this, is to focus on the customer experience which is mostly driven by emotional comfort or discomfort (leading to panic when least needed). 

Four investment options that are well understood will work wonders for customers versus 44 investment options that are not well understood. 

As Moo.la is not an investment advisor, Evalue`s software also makes sure that all is fully compliant. The limited menu also allows Moo.la to keep costs low. Savor Moo.la`s knowledge center with insights and education for all levels in a language that is natural.

In summer 2018, Moo.la was acquired by JLT Employee Benefits (JLT), one of the UK’s leading employee benefit providers. This acquisition should not be seen as a just another Fintech M&A transaction. It is actually a purposeful strategic ecosystem move, whose success should be measured beyond the dry numbers. First and foremost, Moo.la becomes part of a business (and running also standalone) that is in complete alignment with their philosophy. JLT’s strategy is focused on helping UK businesses deliver better performance through the improved financial, emotional and physical wellness of its people. 

Moo.la`s acquisition by JLT is at the service of Goal-based investing while digitizing employee benefits 

Moo.la will also be integrated in JLT`s Benpal platform. Fintech from an angle of employee benefits in all industries, is a great example of sustainable innovation. Robo services that are not just about the low cost but predominately about retentions, engagement and well being of the employees. 

BENPAL is an evolving next generation rewards and benefits platform that JLT offers its corporate clients. It is designed to help attract, retain, engage and reward the workforce. It allows employers to manage employee reward and benefit program in a digitalized era.

In March 2019, Moo.la won the City of London’s ‘Best Goal Based Investing Service’. We are already designing the world we have been dreaming of; slowly and steadily. An investment world that is not only about the monthly reports of our investments but also about our progress towards our goals.