Covid-19 Impact on Banks, And fixes. The Black Swan Opportunity

Download Now

The Black Swan Opportunity |Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

IBS Journal: The iconic monthly FinTech magazine

April 2020 issue out now! Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Social investing app Public raises $15M from Accel & Greycroft

US-based startup Public, an investing mobile app provider, developed with the mission to accelerate all people’s prosperity by making the stock markets accessible to everyone has announced that the company has raised $15Million in Series B funding round. The new financing has raised the company’s total funding to $24 Million.

The investment round had Accel and Greycroft as lead investors. The funding round also saw participation from Dreamers VC’s Will Smith and Japanese soccer star Keisuke Honda, NFL star J.J. Watt; Girlboss founder and CEO Sophia Amoruso; Shari Redstone’s Advancit Capital; Scott Belsky, founder of Behance and Adobe CPO; Blavity Founder and CEO Morgan DeBaun; creator and entrepreneur Casey Neistat joins the advisory board; Liontree Ventures; PLG Ventures; Michael Vaughan, former COO Venmo joins the advisory board.

The company is planning to use the funding to grow its community of investors who bring a blend of perspectives and domain expertise to the platform.

“We believe a significant reason why many people do not invest is due to a lack of financial literacy, expensive financial products, and soaring share prices that can require people to invest $500 or more to purchase a single share of popular, high-performing stocks,” wrote Leif Abraham, Co-CEO Public.com

The company as future plan is planning to offer new and improved features that make investing more accessible and offer more ways to stay engaged with the companies the user invests and believes in. Public provides its members with the provision to buy slices of stocks and ETFs, follow interest-based themes, and learn from a transparent community.

Related Posts