Australian FinTech company profile #84 – Navexa
1. Company Name: Navexa
2. Website: www.navexa.com.au
3. Key Staff & Titles: Navarre Trousselot, Founder & Chief Developer, Thom Benny, Communications Director
4. Location(s): Melbourne, Australia
5. In one sentence, what does your fintech do?: Navexa gives investors advanced analytics and reporting tools to make wealth building and portfolio management simpler, clearer and (we intend) more profitable.
6. How / why did you start your fintech company?: We saw a gap in the market for an affordable, modern portfolio tracker that could leverage technology and data to help everyday Australians manage their portfolios like professionals.
7. What is the best thing your company has achieved or learnt along the way (this can include awards, capital raising etc)?: We’re learning every day. The best thing we’ve achieved so far — it’s early days — is welcoming our first paying subscribers and working with our customers to shape our service, finding our place in the market as we do. Last month we launched our mobile app which was a very nice milestone for us and our customers.
8. What’s some advice you’d give to an aspiring start-up?: Start with your customers’ motivations and needs. Be prepared to learn from mistakes and continually evolve.
9. What’s next for your company? And are you looking to expand overseas or stay focussed on Australia?: We’re growing the B2B side of our businesses, beginning to serve fund managers around the country. We’re considering expansion on every level: Technology, territory, partnerships, marketing, engagement with our customers. Our goal is to be the premium alternative portfolio tracking service in Australia by the end of 2020.
10. What other fintechs or companies do you admire?: We admire Chanty, Better Proposals, Slack and Stripe.
11. What’s the most interesting or funniest moment that’s happened in your company’s lifetime?: One of the first customers to give us a shoutout on social media turned out to be our account manager at one of our partners.