Who Is Worthy?

Who Is Worthy?

Who is Worthy? You are!

We are working to change the face of finance as we believe everyone is worthy of economic security.

We want to democratize capital – making money more accessible for those who need to borrow it and making investments with strong returns available to those who would like a better financial future. We want to help people grow a nest egg even if they think they can’t…and to do it while supporting Main Street, not Wall Street.

The Worthy App

A free, micro- investment app that helps you save & grow your money – a dollar at a time.

The app is designed as a “round-up” tool allowing you to accumulate savings without altering your lifestyle. We help you painlessly save by investing the “spare change” from purchases you make. The app does the work for you by monitoring your credit or debit card purchases so every time your card is used, it rounds up to the next whole dollar and the difference is invested once it reaches the $10.00 threshold. The investment is made into 5% interest earning bonds that in turn support creditworthy businesses across the U.S., helping to strengthen our communities.

The Worthy App

A free, micro- investment app that helps you save & grow your money – a dollar at a time.

The app is designed as a “round-up” tool allowing you to accumulate savings without altering your lifestyle. We help you painlessly save by investing the “spare change” from purchases you make. The app does the work for you by monitoring your credit or debit card purchases so every time your card is used, it rounds up to the next whole dollar and the difference is invested once it reaches the $10.00 threshold. The investment is made into 5% interest earning bonds that in turn support creditworthy businesses across the U.S., helping to strengthen our communities.

Worthy offers 5% interest when banks only offer .06% interest on average!

How can Worthy offer 83 times what the banks are offering?

We offer loans to creditworthy, growing businesses who offer collateral such as inventory to secure the funds. The money from the sale of the $10 Worthy bonds helps fund the loans and you, as a bond holder, get to share in the interest generated. At last even the smallest investors are able to benefit from strong returns usually reserved for the larger, institutional and wealthy investors!

Saving $1000 via a bank with a .06% interest rate = $1006 after 1 year.

Investing $1000 via Worthy with a .5% interest rate = $1050 after 1 year.

Worthy offers 5% interest when banks only offer .06% interest on average!

How can Worthy offer 83 times what the banks are offering?

We offer loans to creditworthy, growing businesses who offer collateral such as inventory to secure the funds. The money from the sale of the $10 Worthy bonds helps fund the loans and you, as a bond holder, get to share in the interest generated. At last even the smallest investors are able to benefit from strong returns usually reserved for the larger, institutional and wealthy investors!

Saving $1000 via a bank with a .06% interest rate = $1006 after 1 year.

Investing $1000 via Worthy with a .5% interest rate = $1050 after 1 year.

Who can join Worthy?

Due to financial regulations, you must be a U.S. citizen and 18 years or older. Beyond that, those who would like the financial benefits (helping you tuck money away and earn 5% on it) as well as those interested in the social aspect – helping community businesses grow – are ideal members! Instead of saving your money in a bank (where the banks get richer), join Worthy to invest in each other (where you get richer!). Together we can strengthen our communities and build a better economic future by investing in each other…all while earning a 5% return!

How can I join?

It’s as simple as linking your debit or credit card to our free app and then watching your portfolio grow through “round ups” (every purchase you make is rounded up to the next whole dollar and this spare change is invested).

What will it cost me?

Worthy is free…the whole idea is for us to help you save and grow your money, right?

What do I need to sign up?

You will need to know your online login credentials for the bank where you have the debit or credit card you’d like us to monitor for round-ups and access to a cell phone as you register via a secure 6-digit code we send to verify your identity.

How secure is my information?

We at Worthy do not see or store any sensitive information (social security number, date of birth, your bank account password, etc). Any user information we do have is encrypted in transit with bank-grade security using SSL certificates.

When do I earn the interest?

You begin earning interest within a couple of days of your bonds being purchased, as soon as your funds clear the banking system.

When can I take out my money?

The 5% interest earning bonds are 36 month bonds however they can be cashed in at any time.

Is my money at risk?

Yes. All investments – no matter what type – carry some degree of risk. The bonds purchased through your Worthy app are not FDIC insured (which only applies to bank deposits) or bank guaranteed. However these bonds are backed by a reserve fund which holds money aside in the event of unexpected losses. This is fund is designed to give you your full return. These bonds are not subject to the volatility of the stock market (meaning what happens in the stock market does not impact your investment return).

What is the Round-up?

The round up is simply the mathematical operation of increasing the value of a transaction to the next highest dollar. For example, if $2.50 is spent, we round that up to $3.00 and track that 50 cents towards your investment. Once the round ups reach $25.00 the 5% interest earning bond is purchased into your account. Additional examples provided below. Please note our program does not alter the amount of your transactions that appear on your bank statements – our software just uses your transactions to calculate and track the spare change.

How do Round-ups work?

Worthy tracks the left-over change from each debit card and/or credit card transaction you make. This “spare change” is rounded up to the next whole dollar. For example, you purchase a bottle of water with your debit card for $1.39, Worthy tracks the remaining $0.61 in order to round up your purchase to the next dollar. Next day you fill up your gas tank for $24.20, again Worthy tracks the remaining $0.80. So far, Worthy has tracked $1.41. As you go about your spending, Worthy keeps tracking your “spare change.” You can see the progress of your spare change adding-up on your app dashboard. Once the spare change adds up to $25.00, this triggers the purchase of a $25.00, 5% interest-earning bond.

Can I add more money whenever I want?

Yes! Adding money to your account to buy more 5% interest earning bonds can be done any time you wish through the “Add Funds” screen within the app. Whenever you’d like to buy more bonds, just click the “Add Funds” screen and type in the amount you’d like to invest.

What are the highlights of a Worthy investment?

Supports fellow humans.

The $10.00 bonds are registered with the SEC (Securities & Exchange Commission) and are offered by a lender who loans the funds to creditworthy, mostly veteran-owned businesses.

Generous interest.

The bonds pay you a 5% fixed interest rate.

Provisional Fund.

The lender has set aside money so in the event any loans they provide default, the lender can still cover the principal and interest they owe you as investors.

Liquid.

The bonds are 36 month bonds but your money can be withdrawn at any time.

Can Worthy help me save money on a loan?

Yes! Not only can we help you grow your money but we can save you money as a borrower by linking you  to lower rate loans. Whether the money is for consolidating debt, home improvement, refinancing student loans or growing a business, the online marketplace lenders with whom we partner can usually offer borrowers a lower cost of credit as they don’t have the overhead of traditional banks.

How does peer-to-peer lending work?

Qualified borrowers use online financing marketplaces to avoid banks and turn instead to individual investors like you. Instead of investing in an entire loan, Worthy invests in fractions of loans in $25 increments. Investing in peer finance is a good way to counter the risk and price fluctuations of a traditional stock portfolio.

What is the difference between Peer lending and Crowdfunding?

Peer lending (also known as “P2P” or peer-to-peer) is a term used to describe a new way for borrowers to secure a loan electronically from individual investors through a web based platform instead of a traditional bank. This industry, also referred to as Marketplace Lending, has grown significantly in the last 10 years. It allows individual investors to benefit from the loan interest paid while the borrowers get their loan proceeds efficiently and cost-effectively.

“Crowdfunding” is a term used to describe a way for entrepreneurs, start-ups, emerging companies and individuals to attract capital using a combination of internet platforms, contacts within one’s social networks and the new regulations through the JOBS Act passed by Congress and signed by the President. The premise of crowdfunding is that it’s easier to raise money in small increments from a lot of people rather than a large amount of money from one person. Unlike P2P lending, crowdfunding does not always offer a financial return — sometimes the person contributing money is doing so to “pre-order” a product that will be made with the contributed funds.

Strengthen our communities by investing in each other.

Strengthen our communities by investing in each other.