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Independent Audit Report
Found
VS
Magnifi

A comprehensive 20-point independent audit covering fees, FX rates, settlement architecture, regulatory standing, customer protection, and real-world performance benchmarks.

20 Audit Criteria Independent Analysis Current Verified Data Live Benchmarks
TL;DR
It's a tie! Both score 3/5 stars. Choose Found if you need Freelancers and self-employed individuals wanting integrated, or Magnifi if you need Self-directed investors wanting to search, compare, and disc. ⬇ Scroll for full 20-point audit
Best For
Found vs Magnifi
Freelancers and self-employed individuals wanting integrated... vs Self-directed investors wanting to search, compare, and disc...
Fee Structure
Found vs Magnifi
Free plan available; premium features require subscription; ... vs Magnifi Personal at $14.99/month or $99/year; includes AI in...
Rating
Found vs Magnifi
3/5 ★ vs 3/5 ★
Found
Online Business Banking & Bookkeeping for Freelancers
Best For Freelancers and self-employed individuals wanting integrated banking, bookkeeping, and tax tools
Core Fee Free plan available; premium features require subscription; not publicly priced
Settlement Fast account opening; real-time transaction categorization; automated bookkeeping
Visit Found ↗
Magnifi
AI Investment Search & Discovery Platform
Best For Self-directed investors wanting to search, compare, and discover ETFs, mutual funds, and stocks using natural language AI queries and portfolio analytics
Core Fee Magnifi Personal at $14.99/month or $99/year; includes AI investment search, portfolio analysis, and access to 15,000+ investment options
Settlement Real-time AI-powered investment search; instant portfolio scoring; one-click trading execution; automated portfolio monitoring and alerts
Visit Magnifi ↗
What This Audit Doesn't Cover: Real-time currency fluctuations, promotional offers, region-specific pricing, or temporary fee waivers. Always verify current rates, fees, and features directly with Found and Magnifi before making any financial decision.
Full 20-Point Audit Matrix
Verified current data across all key decision criteria
20 Criteria Compared
Audit Criterion Found Magnifi
WealthBlueprint RatingOverall score vs. all reviewed platforms (out of 5 stars)
★ ★ ★ ★ ★
3/5
Found: rated on fees, features, safety & ease of use
★ ★ ★ ★ ★
3/5
Magnifi: rated on fees, features, safety & ease of use
Cost Structure & Fees
Transaction FeesPer-transfer costs, domestic & international
 Free plan available; premium features require subscription; not publicly priced Magnifi Personal at $14.99/month or $99/year; includes AI investment search, portfolio analysis, and access to 15,000+ investment options
FX / Conversion SpreadMarkup above mid-market exchange rate
 Found charges a conversion fee based on the currency pair and transfer amount. Always verify the all-in rate before sending.
Always check the live rate in the app 		Magnifi charges a conversion fee based on the currency pair and transfer amount. Always verify the all-in rate before sending.
Always check the live rate in the app
Account MaintenanceMonthly or annual account-keeping charges
 No monthly fees — Found does not charge recurring maintenance fees.
Fees subject to change — verify before signing up 		Subscription-based — Magnifi charges a recurring fee starting at Magnifi Personal at $14.99/mon.
Fees subject to change — verify before signing up
Card Issuance FeesVirtual and physical card creation costs
 Found offers virtual cards. Card issuance is typically included at no extra cost.
Check Found app for current card fees 		Magnifi does not primarily offer physical cards — access is digital-first.
Check Magnifi app for current card fees
Settlement Speed & Reliability
Domestic SettlementLocal bank transfer completion time
Found
Fast account opening; real-time transaction categorization;
VS
Magnifi
Real-time AI-powered investment search; instant portfolio sc
✓ Magnifi is faster (instant vs Fast account opening; real-tim)
Cross-Border SpeedInternational corridor settlement time
 Found supports cross-border transfers via its payment rails. Actual delivery depends on the receiving bank and any compliance holds.
Check the app for live estimates 		Magnifi supports cross-border transfers via its payment rails. Actual delivery depends on the receiving bank and any compliance holds.
Check the app for live estimates
Uptime / ReliabilityReported annual platform availability rate
 Found publishes service status updates on its official status page for transparency.
Check Found status page for incident history 		Magnifi publishes service status updates on its official status page for transparency.
Check Magnifi status page for incident history
Security & Regulatory Standing
Regulatory LicensesGoverning bodies and jurisdictions
 Banking via partner FDIC-insured institutions; standard security; automated tax tracking
✓ Licensed 		SEC-registered investment advisor; FINRA/SIPC member (up to $500,000); TIFIN Group company; 256-bit encryption; SOC 2 compliant infrastructure
✓ Licensed
Deposit InsuranceGovernment-backed protection scheme
 FDIC insured — your funds are protected up to applicable limits.
Verify current coverage directly with Found 		Magnifi holds funds with regulated partner banks. Deposit insurance coverage may apply.
Verify current coverage directly with Magnifi
2FA & AuthenticationMulti-factor security implementation
 Found offers multi-factor authentication. Enable 2FA in account security settings. Biometric and PIN options vary by device.
Enable 2FA immediately after opening your account 		Magnifi supports 2FA via authenticator app or SMS. Check security settings for available methods.
Enable 2FA immediately after opening your account
Fraud DetectionAI/ML-powered transaction monitoring
 Found monitors transactions for anomalies in real time. You can freeze your card instantly from the app.
✓ Real-time monitoring 		Magnifi employs automated transaction monitoring. Suspicious activity triggers alerts and temporary holds.
✓ Real-time monitoring
Features, Limits & Access
Ideal Use CasePrimary audience and core value proposition
Found
Freelancers and self-employed individuals wanting integrated banking, bookkeeping, and tax tools
Magnifi
Self-directed investors wanting to search, compare, and discover ETFs, mutual funds, and stocks using natural language AI queries and portfolio analytics
Platform ClassificationRegulatory and product category
 Online Business Banking & Bookkeeping for Freelancers AI Investment Search & Discovery Platform
Withdrawal LimitsDaily / weekly transfer and cash-out caps
 Found applies tiered withdrawal limits based on your KYC verification level and business activity.
Log in to see your current limits 		Magnifi withdrawal limits vary by account type and KYC level.
Log in to see your current limits
Supported CurrenciesFiat and digital asset coverage
 Found supports the currencies and assets listed in its official documentation.
Check Found official site for full currency list 		Magnifi supports the currencies and assets listed in its official documentation.
Check Magnifi official site for full currency list
User Experience & Support
App Store RatingAggregate iOS + Android user satisfaction
 Found is available on both iOS and Android. Rating varies by region.
Verify live ratings on the App Store 		Magnifi app ratings reflect recent user sentiment — check the App Store/Google Play for current scores.
Verify live ratings on the App Store
Customer SupportAvailable resolution pathways and SLA
 Found offers in-app support and email. Response times may vary by account tier.
Check Found help centre for current support options 		Magnifi routes support through its official help channels. Priority queue access varies by plan.
Check Magnifi help centre for current support options
KYC Verification SpeedAccount activation timeline post-submission
 Found typically verifies personal accounts within minutes to 24 hours with a valid ID.
Verify current wait times in the Found app 		Magnifi KYC timelines depend on document quality and account type.
Verify current wait times in the Magnifi app
Overall VerdictWealthBlueprint independent recommendation
 IT'S A TIE — both score 3/5 stars.

Choose Found if you need: Freelancers and self-employed individuals wanting integrated banking, bookkeeping, and tax tools.
Choose Magnifi if you need: Self-directed investors wanting to search, compare, and discover ETFs, mutual funds, and stocks using natural language AI queries and portfolio analytics.

➜ Your choice depends on your specific needs
Official WebsiteVisit platform to sign up or verify current fees
 Visit Found ↗ Visit Magnifi ↗

Choose Found If:

  • You need Freelancers and self-employed individuals wanting integrated
  • You prefer Free plan available; premium features re
  • You value Fast account opening; real-time transact

Choose Magnifi If:

  • You need Self-directed investors wanting to search, compare, and disc
  • You prefer Magnifi Personal at $14.99/month or $99/
  • You value Real-time AI-powered investment search;
WealthBlueprint Verdict Summary
Found — Best For
Freelancers and self-employed individuals wanting integrated banking, bookkeeping, and tax tools
✓ Strong in its core category
Magnifi — Best For
Self-directed investors wanting to search, compare, and discover ETFs, mutual funds, and stocks using natural language AI queries and portfolio analytics
✓ Strong in its core category

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