Bank of Cyprus is investing €6 mln for a 26.45% stake in Wealthyhood, developers of a youth-targeted personal investment app.
The bank took part in the fintech’s capital increase, with the company’s parent, CSE-listed GlobalWealth Group Plc, maintaining a 25.31% stake.
GWG said in an announcement that its objective, in cooperation with the Bank of Cyprus and the founders of Wealthyhood, is to accelerate Wealthyhood’s penetration into the Cypriot market, and strengthen its capabilities for further expansion into the Greek and other markets.
At present, Wealthyhood claims to have a following of 60,000 users in the U.K. and over 10,000 in Greece, within a few months of launching its app.
Wealthyhood is a UK registered entity with 54 shareholders, including its main founders, Alexandros Christodoulakis and Konstantinos Faliagkas.
“We want to build the best investment app a user could ask for, combining education, savings, investments and automation through a seamless and personalised experience,” said CEO Christodoulakis.
“With the strategic investment from the Bank of Cyprus, we are positioned to become the go-to app for millions of Europeans who want to build their financial future. This is a decisive step in our mission to make investing easy, accessible and secure for everyone, empowering our generation for financial independence.”
Wealthyhood said it, “focuses on empowering and guiding users to start building their wealth, regardless of their knowledge, experience or available capital, through a user-friendly and modern environment.”
The investment experience revolves around four pillars: financial education, saving, investing and automation.
The app’s developers have created a dynamic knowledge ecosystem with more than 50 interactive lessons, daily market analyses, bit-sized summaries and insights tailored to each user’s needs, leveraging the power of AI.
Another offering is Savings Vaults, which are high-yield accounts, paying market-beating interest on uninvested cash balances.
Through the Wealthyhood app, users can invest in the largest and most innovative companies in the world from €1, with zero commissions and fractional shares, while the Autopilot function allows the saving and investment process to be repeated with monthly investments, savings and automated rebalancing.
While GWG and Bank of Cyprus said they are participating in Wealthyhood as independent shareholders, an announcement said, “this investment does not, in itself, constitute a partnership or coordination between them at an operational, commercial or regulated level.”
In comments during the recent investor and media briefing in Athens, following the release of the annual report for 2025, Bank of Cyprus CEO Panicos Nicolaou said the investment in Wealthyhood, “allows us to offer digital access to our clients, in the private sector, to a range of ETFs”.
“We have acquired a minority stake in a pan-European technology company with a broker-dealer license. It is an app that we believe has potential.”
The app has three basic plans: Basic, which is free of charge; Plus, at €2.99 a month which includes premium learning guides, daily analyst insights and news and higher interest on the Savings Vault; and Gold, at €12.99 a month, suited to savvy wealth-builders and even higher interest on the Savings Vault.
Wealthyhood Europe AEPEY is authorised and regulated to operate as an investment firm by the Hellenic Capital Markets Commission (HCMC). For European investors, money and investments are protected under the Hellenic Investment Guarantee Fund for up to €30,000 per investor, while for UK investors, investments are FSCS-protected for up to £85,000.
