Round up your purchases and invest the spare change.
Meet Mylo, the app that’s on a mission to help millions of Canadians achieve their financial goals. Spend $3.25 on a coffee with your linked debit or credit card.
Mylo rounds up your purchase to $4.00 so that you can invest the spare change automatically.
Start saving & investing in just a few minutes!
► MYLO IS EASY, AUTOMATED & STRESS FREE
Save & invest money without changing your spending habits.
• Simply connect your bank, debit & credit cards so you can round up everyday purchases automatically.
Accelerate your financial goals with Boosts and the Roundup Multiplier.
• Use one-time deposits to top up your account.
• Multiply each roundup to accelerate your savings.
No investment knowledge (or stress) required!
• Your registered portfolio manager will invest your roundups in a diversified portfolio of Exchange-Traded Funds (ETFs) based on your risk profile & financial objectives.
• Invest in tax-preferred accounts like TFSAs and RRSPs, and make an impact with Socially Responsible Investing (SRI)
Achieve your Financial Goals.
• What are you investing towards? Travel? A new home? Retirement? All of the above?
We’ll help you get there, faster.
Follow Your Progress & Stay on Track.
• View all transactions that trigger roundups.
• Track current and past transfers including contributions & withdrawals.
• Withdraw your money anytime, at absolutely no charge. A first in the industry!
Donate Spare Change to Your Fave Charity!
• Set up automated, recurring donations to any of Canada’s 86,000+ registered charities.
• Donations are securely processed via CanadaHelps, the nation’s most trusted digital donation platform.
• Get your charitable tax receipt directly in the Documents section.
► THE CANADIAN INVESTING APP
• We support all major Canadian banks and add new banks and credit unions every week!
• We are proud to offer the Mylo app in both English & French from coast to coast to coast.
► INDUSTRY-LEADING SECURITY & PRIVACY
• Mylo uses the same security infrastructure and protocols as major Canadian financial institutions so your information is never at risk.
• 256-bit SSL encryption & bank-level security protocols.
• We will never sell your data.
• Your registered, human portfolio managers from Tactex Asset Management have a proven track record, handling more than $130 million in assets under management in Canada.
• Log in securely & seamlessly with TouchID (your fingerprint).
► CANADIANS ARE TALKING ABOUT MYLO
• Mylo was named in Apple’s “New Apps We Love”
• Listed as Top 5 Apps of the Year by Notable Life.
Also featured on:
• The Globe & Mail
• Financial Post
• CBC News
• Global News
• Investment Executive
• Les Affaires
• Le Devoir
• And many more
► OUR CUSTOMERS COME FIRST
We're always here to help! Contact our Customer Success team anytime via chat directly within the app, or at firstname.lastname@example.org
We’ve made some improvements to make sure nothing gets in the way of you achieving your financial goals.
Ratings and ReviewsSee All
Showing promise and getting better everyday!
- great new features like boost, multiple accounts, etc.
- still a great responsive team
- the one star review about signing over all your rights to information makes me nervous but I never read the fine print so 👀🤷🏽♂️
- I inquired about ‘ethical investing’ opportunities, as I don’t want to support specific industries. Was told they are collecting info but not available at the time. Meanwhile at Wealthsimple 👀
Overall still a great app that I love to use, just wish they’d address some of the concerns on the reviews.
— — — —
I was lucky enough to get to try the beta version and it was really bumpy. Made me nervous for the release but with he launch came a really stable app that syncs perfectly with my account. I'm sure more features are coming, but their customer service team has made this experience exciting. Finally an investment program that is accessible, easy, and works with my spending habits. Now the more I spend, the more I save!
Developer Response ,
Hello! Thank you so much for your feedback. It's an honour to have had you as an early adopter and we are glad to see you are still using Mylo. We are a young, Canadian startup and doing our best to accommodate all our Users while addressing as many concerns as (humanly) possible -- sometimes even beyond. Please feel free to reach out anytime directly through the app or email@example.com. We'd love to hear from you :)
So, for the past 8 weeks I have been trying to contact a representative from Mylo to delete my account. None of my in app conversations were acknowledged, never received any replies from my emails, and this company has NO phone number to contact. Today, this changed, when I threatened to open a legal case with them. Within 5 minutes I had email confirmation of account closure, and my information was finally deleted. Followed were more emails apologizing for the horrible service, but it was too late. Not to mention the $3 fee I was being charged every month during this process, which I never agreed to! I did agreed to pay $1/month for their service, but of course they took $3! This is a very shoddy business, I would never recommend anyone use this service. This company is SCAMMING its customers. Most banks offer this service now anyways so PLEASE, skip the headache and do not get this app. I know the developer will respond saying it isn’t a scam, but I urge you to read more reviews and do more research as you will see otherwise!
Developer Response ,
Our mission at Mylo is to help users reach their financial goals and this at a very low monthly fee that is fair and one of the best fixed-rate fees you can find for this kind of service. I can assure you that we have no motive to scam our customers out of their hard-earned money that they are trying to save. Financial success is what we strive to help all our users achieve, in an easy and modern way. Our plans are 1$ or 3$ per month depending on the type of investment account you choose with our investment partners, we do communicate this to our users in our program agreement and more recently also by email upon the creation of their account in order to be as upfront and transparent about the fee as possible.
We are sorry that you feel this way about your experience and feel terrible that you feel let down by our service. We also regret that we will not have the opportunity to continue to help you with achieving your goals.
I do wish to clarify that 8 weeks ago we did respond to your query and asked you for feedback and confirmation and did not receive either until today when you messaged us again. We closed your account at your request today, not because you threatened us with legal action but because you simply confirmed that you wanted your account closed.
We truly wish you all the best in your continued journey towards your financial goals with any other service you choose, or on your own.
Great way to save money!
Saving money with Mylo is painless! I love the way your savings grow with every purchase I make. I have reached out once with questions and received a quick and helpful response. Highly recommend!
- MYLO FINANCIAL TECHNOLOGIES INC
- 116.9 MB
Requires iOS 9.0 or later. Compatible with iPhone, iPad and iPod touch.
- Age Rating
- © 2019 Mylo Financial Technologies. All Rights Reserved.
Up to six family members will be able to use this app with Family Sharing enabled.