Contact: Founder & CEO, Tyson Koska
410-530-3646 – Questions@OnTrajectory.com
Financial Technology Startup OnTrajectory Launches
By Carl Potak – New York – OnTrajectory.com is a financial technology startup offering an easy-to-use, high-fidelity financial planner that maps users’ income, investments, and expenses in an interactive graphical display. Users can easily aggregate their financial data to visualize a simulation of their financial future. The free option is suitable for most users, however, the Power Plan offers users the ability to define their plan more ‘granularly’ and is also free until July 1, 2016.
Sign-up is easy and requires users to answer only four quick questions to get started. From there, users can continue entering monthly and yearly data. The more data they enter, the more accurate their future trajectory will be.
Most investment and retirement calculators are standalone and focus on a specific data point, however OnTrajectory allows dozens of different data points to be calculated together for a more inclusive view of how these aspects can affect your finances. For example, OnTrajectory can help people with college payment calculations, retirement planning, or mortgage planning, and see how they affect their overall financial standing. Of OnTrajectory’s largest competitors that are focused on multiple data points, a large proportion of them are complex to use, don’t offer a free option, and/or require time-consuming signup processes. OnTrajectory differentiates itself from these competitors and addressed those key issues by providing an easy-to-use, high-fidelity, free option with a quick and simple signup process.
The software is friendly to folks with families and allows for the additions of spouses and/or dependents to their trajectory. Additional features allow people to create savings plans, goals for future purchases, designate unexpected emergency funds, and run different financial simulations for any “what if” financial questions they think of. For more advanced simulations, OnTrajectory also has Monte Carlo and Historical analyses.
OnTrajectory encourages people to become financially knowledgeable and successful so they can retire on time or even have an early retirement. This is promoted through their blog Money Matters by OnTrajectory.
Since launching in November 2015, OnTrajectory has grown to over 1,100 users and is catching on quickly. In fact, OnTrajectory was just featured in a February 9th 2016 article called “These Are The Best Retirement Calculators” in Time.com’s Money Magazine.
OnTrajectory‘s team currently consists six people. Of the six, CEO Tyson Koska and two other technical co-founders from the financial industry are the software engineers working behind-the-scenes. The team also has a serial entrepreneur, Director of Marketing Carl Potak, Director of Community Relations Daniel Kahn, and Video Producer Christopher Yeiser.
Financial journalist Darrow Kirkpatrick from CanIRetireYet.com had this to say: “The initial setup was simple. The user interface is very attractive and intuitive. It feels like they’ve achieved a low barrier to entry… OnTrajectory is in the sweet spot that appeals to me. The site has a slick look and many nice touches.” Barbara Friedberg, another financial journalist, is the founder of Barbara Friedberg Personal Finance and author of “Invest and Beat the Pros.” She endorsed OnTrajectory saying: “[It’s a] very consumer friendly and useful tool… Concept is great… I like that it’s not necessarily just a retirement tool… graphs, charts easy to interpret.”