Shares raise $10 mn in pre-seed funding to launch the app in Autumn
By Joy Dumasia
Shares.io announced the next stage of its journey to deliver “investing made social” and invites subscribers to join the waitlist for the Autumn launch of the Shares app in the United Kingdom, anticipating delivery across Europe in early 2022. Shares, the consumer mobile app and social-first platform for retail investors, designed from the ground up with user experience and community in mind, gives no-minimum, no-fee access to 1,500 stocks.
Founded in early 2021, the company has already achieved one of the largest-ever seed fundraises by an early-stage startup in Europe, raising $10 Million in the first pre-product seed round alone. Key VC & Angel support vindicates Shares will quickly become a category winner led by CEO & Co-Founder Benjamin Chemla, a serial entrepreneur with a track record that includes co-founding Stuart in 2015.
The Shares Co-Founders and Benjamin, the CEO, have quickly assembled 35 experienced scaleup veterans to date, ready to launch Europe’s first fully integrated social and investing app in less than a year. In addition to accelerated product development, it will quickly market in a highly regulated industry and comply with KYC, AML and MAR requirements.
They are creating a whole new investing app category where anyone, including new investors, can start conversations, network and learn from friends and experts as a community – together in a one-stop-shop with all their portfolio management needs.
Benjamin Chemla, CEO & Co-Founder of Shares, said: “entirely new category of fintech investing platform that resonates with today’s investors. We founded Shares, ‘investing made social’ for investors who prioritise user experience and community first and also expect a serious platform to build their portfolio. Building Shares wouldn’t have been possible without the seasoned team of scaleup experts we’ve assembled across the business to achieve this product, in record time, without sacrificing quality. There is still untapped market opportunity in this high-growth fintech space, and Shares is uniquely positioned as Europe’s first social and investing app to fast become a leader in the industry.”
IBSi Prime News
January 28, 2022
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