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Sydney fintech startup, Blossom, has expanded its suite of offerings to include fixed income products specifically for SMEs and self-managed super funds (SMSFs).
Blossom for Business and Blossom for SMSF will now allow these entities to invest in the Blossom Fund. This targets a diversified portfolio with a 5.95% p.a. return, following the Reserve Bank of Australia’s (RBA) November cash rate rise.
Blossom’s new offering is designed to provide a fixed-income investment option that offers daily earnings without sign-up, transfer, or withdrawal fees. The argument for SMEs and SMSFs is that it could be an option for those seeking a more flexible investment vehicle.
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