Stockpile, a company that provides digital gift cards for buying stock, has partnered with the financial technology vendor Yodlee to offer banks products aimed at encouraging consumers to save and invest.
The products include "Invest Your Change," which will allow consumers to invest spare change from their debit and credit purchases, rounded to the nearest dollar, in their favorite stock. Consumers will also be able to purchase stock, either for themselves or as a gift, using Yodlee's financial management platform.
Both products will be released in 2015.
"We're removing the obstacles associated with investing, and making it fun, easy and affordable for everyone," said Avi Lele, Stockpile's chief executive, in a Dec. 15 press release.
Stockpile is based in Palo Alto, Calif. Yodlee has its headquarters in Redwood City, Calif.