23 January 2018
visit www.ebaday.com

Stockpile raises $30 million for fractional stock trading app

29 September 2017  |  4001 views  |  0 Stock market quotes

Millennial-focused fractional share trading app Stockpile has raised $30 million in Series B funding led by Fidelity backed Eight Roads Ventures.

This latest investment brings the total raised by Stockpile to more than $45 million. Mayfield led Stockpile's $15 million Series A in October 2015, with participation by Arbor Ventures, Stanford University, and actor Ashton Kutcher.

"We're on a mission to make it simple for everyone - especially young, first-time investors - to save and invest for their future," says Avi Lele, Stockpile's founder and CEO. "Fractional shares make market investing fun, easy, and personal. Even someone with only a few dollars can buy a piece of a favorite brand like Amazon or Alphabet, which are currently trading close to $1000 a share."

Stockpile customers can download the iPhone or Android app or visit stockpile.com to open a free account for themselves or anyone in their family, including children under 18. They can buy individual stocks or ETFs at 99 cents a trade, set up an automatic investment plan, track their investments, learn about stock investing through free mini-lessons, or help others get started by purchasing e-gifts or physical gift cards redeemable for stock.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Stock trading app Robinhood raises $110m at $1.3bn valuation

Stock trading app Robinhood raises $110m at $1.3bn valuation

26 April 2017  |  6125 views  |  1 comments | 4 tweets | 6 linkedin
Commission-free stock trading app Robinhood raises $50m

Commission-free stock trading app Robinhood raises $50m

08 May 2015  |  6385 views  |  1 comments | 7 tweets | 4 linkedin
Robinhood raises $13m for commission-free stock trading app

Robinhood raises $13m for commission-free stock trading app

24 September 2014  |  5564 views  |  0 comments | 4 tweets | 4 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9386 views comments | 37 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9211 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8979 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8325 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6931 views comments | 13 tweets | 25 linkedin

Featured job

Germany, Austria or Switzerland

Find your next job