Invstr 1m 20m USANN AzevedoTechCrunch
Invstr 1m 20m USANN AzevedoTechCrunch, a London-based fintech company, has recently raised $20 million in a funding round led by Azevedo, a Portuguese venture capital firm. The funding will be used to expand Invstr’s financial education and investment platform, which aims to make investing more accessible and engaging for millennials and Gen Z.
The Invstr Platform
The Invstr platform offers a range of features designed to help users learn about investing and make informed decisions. These include a virtual trading game, educational content, and a community of investors who can share tips and insights. The platform also offers a range of investment tools, such as portfolio tracking and stock analysis. One of the key features of the platform is its use of gamification to make investing more engaging. Users can compete against each other in virtual trading competitions, with prizes on offer for the best performers. This approach has proved popular with younger investors, who are often more comfortable with digital technology and enjoy the social aspect of investing.
The Funding Round
The $20 million funding round was led by Azevedo, with participation from several other investors. The funding will be used to expand Invstr’s platform and reach a wider audience. This will include developing new educational content, improving the user experience, and expanding the range of investment tools on offer. The funding round is a significant milestone for Invstr, which was founded in 2013 by Kerim Derhalli, a former executive at Deutsche Bank. The company has already attracted over 1 million users to its platform, and the new funding will help it to continue its growth trajectory.
Conclusion
Overall, the Invstr platform offers a compelling proposition for younger investors who are looking to learn about investing and make informed decisions. Its use of gamification and social features make it an engaging and accessible platform, while its range of investment tools and educational content provide users with the information they need to make informed decisions. The recent funding round is a testament to the potential of Invstr’s platform, and it will be interesting to see how the company uses the new funding to expand its offering and reach a wider audience. With the rise of digital technology and the growing interest in investing among younger generations, Invstr is well-positioned to capitalize on this trend and become a leading player in the fintech space.
