Sproutfi

Sproutfi, formerly known as Jump Invest and Sprout, is a fintech company headquartered in São Paulo, Brazil. Established in 2021, Sproutfi has quickly grown to serve over 200,000 customers, primarily targeting investors in Brazil and Latin America, though it also offers remote services. The company is part of the Y Combinator S21 batch and is committed to the financial well-being and continuous improvement of the customer experience. Sproutfi allows users to invest in over 4,000 US companies and funds with as little as $1 USD, with no account minimums or fees for investing. The company’s mobile application supports multiple languages including Portuguese, Spanish, and English, and provides educational content on investing. Sproutfi is regulated by FINRA and is a member of SIPC, which protects investments up to $500,000. The team at Sproutfi includes professionals from notable financial institutions such as Goldman Sachs, E*Trade Financial, Nubank, ING, and Wise. In a significant policy update, effective from March 18, 2024, Sproutfi will implement a fee change to include 0% commission on transactions and a $5 quarterly maintenance fee if no deposit is made within the quarter. Additionally, the company fosters a community of investors for sharing real-time ideas and information, enhancing the social features of its investment platform.