Arsenal’s Jorginho invests in FinTech app Gather, holds a 10% stake
Summary
Arsenal football player Jorginho, known for his midfield prowess on the pitch, has turned his hand to financial investments, becoming a founding investor in Gather, a budding FinTech start-up, according to a report from the Evening Standard.Gather, which Jorginho now holds a 10% stake in, is a trading app aimed at helping young people make more informed decisions about their financial futures. The app lets users buy into investment funds with as little as a \xa330 commitment, making investing an accessible prospect for a wider audience.Offering an interface reminiscent of popular music streaming services, Gather employs a user-friendly design approach. The app provides investment options into asset management giant BlackRocks ICS Sterling Liquidity Fund, which comprises a blend of short-term securities.The footballers decision to invest stems from concerns over the spending habits of his younger teammates and a desire to encourage more prudent financial choices. According to Jorginho, the funding will be used to help educate users about making savvy investment decisions and promote responsible financial planning.With a marked increase in the number of sports celebrities promoting financial products, Gather has also secured investment from heavyweight boxer Cheavon Clarke, who will serve as an investor and ambassador.Jorginho said, Everyone knows my football career is short and so I want to look after me, my family and the ones that I love after I finish playing. He added that the app is designed to help educate users about how to make the right investment calls.