Global fintech Revolut, which has more than 50 million customers worldwide, has launched its Robo-Advisor service in Singapore, a new product that, the company says, allows customers to save time and automate their investments.

With the product, customers can invest through a diversified portfolio without spending hours on research and continuously managing their portfolios. The new product, the fintech notes, is advantageous for customers who don’t have the time to do extensive research and actively invest, or have limited or no trading experience.

The product, the company points out, will offer a fully diversified and customised portfolio based on the customers’ inputs to questions that will identify among others their risk tolerance and financial goals. Once a customer deposits money into their portfolio, the product automatically invests it in the market and continually monitors and manages the customer’s portfolio.

And the product will automatically rebalance customer portfolios based on the performance of the assets within the portfolio and perform periodic reviews to maintain customer risk tolerances and target portfolio allocations.

Furthermore, customers are also able to effortlessly add to their portfolio through a feature called spare change round-ups. Every time a customer makes a purchase with their Revolut debit card, the transaction amount is automatically rounded up, and the difference flows directly into their portfolio. This seamless integration of daily spending and investing, the company adds, helps build wealth naturally.

“We know that many of our customers do not have the time to manage a portfolio or invest in individual securities,” says Raymond Ng, Revolut Singapore’s CEO. “Built to make investing more accessible, we want to give our customers the ability to make their money work for them in what we believe will be a tailored and stress-free solution.”