Invstr Raises $20 Million in Series A Funding Led by Azevedo
Invstr, a UK-based fintech startup, has recently raised $20 million in a Series A funding round led by Azevedo Family Capital . The funding will be used to expand the company’s financial education platform and launch new products. Invstr is an innovative personal finance application that allows users to follow their portfolios, make informed investments, and move their money with ease. It has grown exponentially since its launch in 2013 and is now available to over 1 million users in more than 20 countries .
What is Invstr?
Invstr is a platform that allows users to invest in a variety of assets, including stocks, cryptocurrency, and ETFs. The platform has a variety of features that make it easy for users to invest, including a simplified investment process and real-time tracking of investments . Invstr is also one of the few investment platforms that offer financial education to its users. The company’s mission is to democratize finance by providing access to financial education and investment opportunities to everyone .
The Intensifying Robinhood Competitor Landscape
Invstr’s latest funding round comes at a time when the competition in the investment app space is intensifying. Robinhood, a popular investment app, has been dominating the market for some time now. However, with the recent controversy surrounding Robinhood’s decision to restrict trading of certain stocks, many users have been looking for alternative investment apps . Invstr is one such app that has been gaining popularity among investors who are looking for a more transparent and user-friendly investment platform.
Expanding Financial Education
One of the key areas where Invstr plans to use its latest funding is to expand its financial education platform. The company believes that financial education is critical to empowering individuals to make informed investment decisions. Invstr’s financial education platform offers a range of courses and resources that cover topics such as investing basics, stock analysis, and portfolio management . By expanding its financial education platform, Invstr hopes to attract more users who are looking for a comprehensive investment app that also offers financial education.
Launching New Products
Invstr also plans to use its latest funding to launch new products. The company has not provided any details about the new products it plans to launch. However, given Invstr’s track record of innovation, it is safe to assume that the new products will be aimed at making investing even more accessible and user-friendly . With the investment app space becoming increasingly crowded, launching new products will be critical for Invstr to stay ahead of the competition.
Invstr’s latest funding round is a testament to the company’s success in democratizing finance and providing access to financial education and investment opportunities to everyone. With the investment app space becoming increasingly crowded, Invstr’s focus on financial education and user-friendly features will be critical for its continued success. By expanding its financial education platform and launching new products, Invstr is well-positioned to attract more users and compete with other investment apps in the market.