Shares.io is a Paris-based social investment platform that gives everyone access to the stock market and improves the investment experience by letting users engage with an active community. In a recent development, the company announced its UK and European expansion plans and closed its pre-seed investment round.
UK launch in 2021
The company intends to deliver its “investing made social” service and invites subscribers to join the waitlist for the planned UK launch of the Shares app this autumn. Also, it anticipates a wider rollout across Europe in early 2022. It has announced that the Shares app will be available on both Google Play Store and Apple App Store.
Currently, the Shares app is not regulated to provide financial services in the UK. By signing up to the waitlist, you are agreeing to be notified when the app is approved to provide such services.
Raises 7.3M investment
Besides this, Shares has achieved one of the largest-ever seed fundraising by an early stage startup in Europe by raising $10 million (nearly 7.3 million) in the first, pre-product seed round. The round was led by CEO & Co-Founder Benjamin Chemla, serial entrepreneur with a track record that includes co-founding Stuart in 2015.
Furthermore, the VC backers include Singular and Peter Thiel’s Valar Ventures, early investor in Fintech Unicorns N26, Wise, and Bitpanda. André Mohamed, Co-Founder of Freetrade, Didier Vallet, ex Deputy CEO of Société Générale, Chris Adelbach, Managing Partner of Outrun...
Read Full Story: https://www.uktech.news/news/shares-io-social-investing-app-uk-launch-funding-20210825
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