Moneysoft's new 'Round-ups' feature allows users to make small, regular contributions to their investment or superannuation by automatically investing the spare change from their everyday transactions.
Round-ups has been made possible via Moneysoft's relationship with superannuation fund administrator Link Group, according to a statement by the fintech.
The feature is similar to Acorns Grow's model, which rounds up the cost of small transactions (such as a cup of coffee) and invests the difference on behalf of the purchaser.
Moneysoft described Round-ups as a "turn-key" solution that can act as a stand-alone feature or be integrated with existing digital platforms.
"Round-ups is available to superannuation funds, and investment platforms, to help them grow customer engagement and encourage wealth creation from an early stage," said Moneysoft founder and managing director Peter Malekas.
"When consumers round-up the cost of a daily coffee, their weekly grocery shop and petrol and invest the difference into their super, it can make a significant impact on their wealth over time."
Superannuation funds that take up the solution will gain greater insights into their customers and their financial behaviour and habits, he added.
