Gratio Capital Previews Revolutionary Investing Product at FinovateSpring 2010

SAN FRANCISCO, May 11 /PRNewswire/ -- Americans who are spending less and saving more will soon get a boost for growing their money and reaching their financial goals from a new company called Gratio Capital. Today at FinovateSpring 2010, the company previewed a revolutionary investment product called GoalMine it plans to introduce this summer. GoalMine's forthcoming debut will mark the first time anyone, regardless of income level or investing know-how, can access high-quality mutual funds for as little as $25.

Historically, mainstream Americans seeking to build assets and to plan for the future have turned to savings accounts and bonds that deliver low rates of returns or to 401(k) accounts and home ownership that leave assets relatively inaccessible in times of financial need. At the same time, more flexible investment products like mutual funds entail high minimum investments and confusing jargon that put them out of reach for more than half of American households.

"Opportunities to save and invest are too few, too limited or too exclusive to help most Americans reach many of life's financial goals, and we believe they deserve more and better options," said Rimmy Malhotra, Gratio Capital Co-Founder and Chief Investment Officer. "In GoalMine, we created a model for investing that's so simple and affordable anyone can get started, no matter how much they earn or know about investing, and we can't wait to start helping more Americans invest in their life goals."

GoalMine gives all consumers an easy, low-cost way to save and invest. With GoalMine, consumers can access high-quality mutual funds and FDIC-insured savings accounts with as little as $25, rather than the $2,500 industry average for most mutual funds. GoalMine ditches the financial jargon and uses a goal-based approach to help consumers choose the right fund for their needs based on concepts they understand, such as saving for a home or a new baby. GoalMine makes the gifting of mutual funds possible and practical for the first time and allows users to enlist the support of friends and family to achieve their investment goals.

"We plan to open up investment and asset-building products to entirely new segments of consumers and, in short, to make it as easy to save and invest as consumer credit has made it to borrow and spend," said Yaron Ben-Zvi, Gratio Capital Co-Founder and Chief Operating Officer.

Gratio plans to offer GoalMine nationwide this summer online and through retail distribution partners.

Gratio Capital is a New York City-based asset management company founded in 2007 by Rimmy Malhotra and Yaron Ben-Zvi. The company is a registered investment advisor that currently manages one mutual fund. Gratio is backed by MPOWER Ventures, a venture fund that directs private investment to companies whose innovations bring financial services to underserved consumers.

For more information on Gratio Capital, visit www.gratiocapital.com.

About Gratio Capital, Inc.

Gratio Capital is a New York City-based asset management company spearheading a movement to provide all consumers with access to simple and low-cost tools to help them reach their financial goals. With its revolutionary GoalMine product, Gratio Capital empowers all consumers to start saving and investing, regardless of income level or investing know-how. Gratio Capital also acts as the investment advisor to the Gratio Values Fund. Like its fellow MPOWER Ventures portfolio companies, Gratio Capital is committed to creating products and services that foster empowerment and prosperity in underserved markets. For more information, visit www.gratiocapital.com.

About MPOWER Ventures

Based in Austin, Texas, MPOWER Ventures is a socially committed venture capital firm dedicated to identifying and investing in early-stage businesses that create products and services for underserved populations. Grounded by the beliefs that private investment can solve persistent social problems and market-based solutions can realize change on the broadest scale, MPOWER Ventures is building a portfolio of companies whose products and services will foster empowerment, health and prosperity in underserved markets. MPOWER Ventures currently focuses its investment portfolio in financial services with investments in international payments, mobile payments, retail financial services and asset-building and investment products. For more information, visit www.mpowerventures.com.

SOURCE Gratio Capital, Inc.

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