Competition is heating up in the Swedish retail fund saving space. Fintech firm Fondo is now the latest to launch its new mutual fund platform. The Company says it’s the first one in the industry not taking commissions on funds sold, so-called kickbacks, and not charging the customer a platform fee.
Instead, it will aim to make money by providing several value-added services at a flat fee that customers can choose to subscribe to, according to a statement.
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