Although robo-advice will contribute to financial inclusion and helps financially less literate households to be able to invest, it is still not a replacement for financial literacy. Investopedia defines robo-advisers as digital platforms which provide automated, algorithm-driven financial planning services with little to no supervision. If this sounds too simple to be true, you share the views of Chris Sacca, a well-known American start-up investor, when he first heard about the first robo-advisor proposition from Betterment back in 2010.