back Back

Bitpanda rolls out new product for investing in stocks and ETFs

By Megha Bhattacharya

April 21, 2021

  • Bitpanda
  • Europe
Share

European investment platform Bitpanda has launched a new product called Bitpanda Stocks for offering investments in fractional shares. Customers will be able to invest in their favourite brands from as little as €1, with zero commissions. Existing and new users with a verified Bitpanda account can start investing in fractional shares starting from today.

Users can switch the linked asset at any time via the Bitpanda iOS and Android app, allowing them to choose whether to make a purchase with a fraction of Starbucks, Amazon or Nike, Bitcoin or gold, or even traditionally with EUR.

Eric Demuth, Bitpanda CEO and co-founder commented, “This is a really exciting day for Bitpanda. We founded the company on the idea that everyone would have the same access to the financial world. Investing should be simple, accessible and available to everyone – and that’s what Bitpanda Stocks is about. Historically, the financial system has been too complex and too restrictive. We want everyone to be able to access and manage their portfolios at a time that suits them, not the market. No matter their financial means, everyone should be able to make their money work harder. We even added the new product to our existing Bitpanda Savings feature, allowing people to save up with their preferred asset, without stress or high app usage.”

Recently, Bitpanda became Austria’s newest unicorn after raising $170 million in Series B funding, giving the company a $1.2 billion valuation. The round was led by Valar Ventures, with participation from the partners of DST Global. The company aims to boost its growth and enter new European markets, following the funding round.

Eric Demuth, continued, “Fractional investing is such an important part of this product. If users want to access tech giants or blue chips, they shouldn’t be prevented from doing so due to a lack of capital. Our platform means that anyone can access and invest in digital assets, including the companies and sectors that they really believe in – without barriers. It’s Wall Street without the walls, even when Wall Street closes.”

Previous Article

April 21, 2021

NBK-Egypt launches corporate banking solution with MDSap

Read More
Next Article

April 21, 2021

Apple unveils Apple Card Family, enabling people to build credit together

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

Bitpanda

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 15, 2024

9Basil Group announces acquisition of AlteriQ

Read More

April 10, 2024

France Active taps Clearwater Analytics to power its Investment Accounting Operations

Read More

April 04, 2024

Namdev Finvest raises $19m in Pre-Series C funding round

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023