Silo Debuts New Bond Platform for the Masses

AUSTIN, TX / ACCESSWIRE / February 16, 2024 / Silo, a tech startup with a mission of revolutionizing bond investing, has announced its mass public launch slated for February 2024. With this launch, the company has prioritized corporate bonds; the platform is designed to be straightforward and intuitive. A new user is able to open an account within just 5 minutes!

This launch is a milestone for Silo, which initially soft launched at the end of 2023. At that time, the firm launched its app in the iOS app store but was still testing the platform with users starting on December 20, 2023.

Now available to all US residents, the platform was created with the goal of simplifying the bond investment process for the casual investor. Instead of navigating through bond tables, individuals can use Silo to search by issuer and find bonds from companies they recognize. Its focus is corporate bonds, including over 11,000 from 2,000+ corporations. Investors of varying abilities can use Silo's platform to learn more about corporate bond investments. Silo's mass rollout includes an explore page added to the mobile app. This page is designed to tailor the investment experience to individual preferences. Through the platform's customization tools, users can filter bonds based on maturity, credit rating, institution type, yield to maturity, and more.

Co-Founder Akhsheiy Tangutur states, "We endeavor to connect more millennials with Silo, as we have learned that 62% that hold cash do so because they are afraid of stock market losses. Additionally, there has been a notable shift in investment preferences among this demographic, with a clear inclination towards the convenience and accessibility of mobile investing platforms. We want to show millennials how Silo allows them to manage their portfolios anytime, anywhere, directly from their smartphones."

Silo's aim is to increase accessibility for individual investors and to provide as many investment options as possible, especially in corporate and government bonds. CEO Hariharan Jayakumar says, "We are breaking barriers with bonds, and we could not be more excited about the future of Silo in 2024 and beyond."

About Silo Financial

Silo Financial is a bond investment platform designed to provide greater accessibility to investing. The company targets millennials and has created a user-friendly interface offering long-term investment opportunities. Silo has been letting US residents into its iOS app since December 20, 2023. The content in this article is meant to be informative and should not be construed as financial advice.

Website: https://www.silomarkets.com
App: https://apps.apple.com/us/app/silo-invest-in-bonds/id1630228218
Contact: Akhsheiy Tangutur
Email: support@silomarkets.com

SOURCE: Silo Financial

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