Sweden’s StockRepublic Raises EUR 2 Million, Partners With Commerzbankby Fintechnews Baltic July 7, 2021
StockRepublic, a Swedish social trading platform for retail investors, announced that it has secured EUR 2 million.
The investment round was led by the Swedish venture capital fund Uequity and Commerzbank Group’s early-stage investor main incubator, together with well-known business angels with a background from, among others, E-Trade, Yubico and Minna Technologies.
To accelerate this transition and launch StockRepublic widely to the new generation of investors, the firm is currently conducting a proof of concept together with comdirect, which has just under three million customers.
This proof of concept will give customers access to all social trading functions and mobile applications, web and desktop.
With its B2B platform, StockRepublic targets banks and other financial players with the ambition of democratising savings.
With the help of real-time investment data, StockRepublic can offer unique access to data that, traditionally, savers are excluded from and get inspiration from star savers from several countries.
“Our vision is to gather all information in one place and contribute to more sustainable savings.
This investment will help us continue the launch of our platform within banks and partners in several European countries,”
says Hanna Bjurström, Chairman of the Board of StockRepublic.
Featured image: (Left) Hanna Bjurström, Chairman of the Board of StockRepublic and Fabian Grapengiesser, CEO and Founder at StockRepublic