Invstr, a UK-based fintech startup, has recently raised $20 million in a Series A funding round led by Azevedo Family Capital [1]. The funding will be used to expand the company’s financial education platform and launch new products. In the unveiling of its new offerings, Invstr also announced that it has closed on a $20 million Series A in the form of a convertible offering [1].
Invstr was founded in 2013 by Kerim Derhalli, a former executive at Deutsche Bank and JP Morgan. The company’s mission is to democratize access to financial information and empower individuals to make informed investment decisions. Invstr’s mobile app provides users with real-time market data, personalized news feeds, and educational content. The app also features a virtual trading platform that allows users to practice trading without risking real money [1].
Expanding Financial Education Platform
The funding from the Series A round will be used to expand Invstr’s financial education platform. The company plans to develop new educational content and tools that will help users better understand financial markets and investment strategies. Invstr also plans to launch new products that will allow users to invest in a wider range of assets, including cryptocurrencies [1].
Invstr’s financial education platform is already quite extensive. The company offers courses on topics such as stock market basics, technical analysis, and options trading. The courses are designed to be accessible to users of all skill levels, from beginners to experienced investors. Invstr also offers a feature called “Investor DNA,” which uses behavioral finance principles to help users identify their investment style and make better investment decisions [1].
Virtual Trading Platform
One of Invstr’s most popular features is its virtual trading platform. The platform allows users to practice trading without risking real money. Users can create virtual portfolios and trade stocks, options, and other securities in real-time. The platform also provides users with performance metrics and analytics that can help them improve their trading strategies [1].
Invstr’s virtual trading platform is designed to be accessible to users of all skill levels. The platform includes a variety of tools and resources that can help users learn about trading and investing. For example, the platform offers a feature called “Trade Ideas,” which provides users with real-time trading ideas based on market trends and news events [1].
Partnerships and Expansion
Invstr has also been expanding its partnerships with other companies in the financial services industry. In 2020, the company announced a partnership with DriveWealth, a US-based brokerage firm. The partnership allows Invstr users to invest in US stocks and ETFs through DriveWealth’s platform [1].
Invstr has also been expanding its presence in the US market. In 2019, the company opened an office in New York City and hired a team of experienced financial professionals to help drive growth in the US market. The company has also been working to expand its user base in other regions, including Asia and Europe [1].
Conclusion
Invstr’s $20 million Series A funding round led by Azevedo Family Capital will help the company expand its financial education platform and launch new products. Invstr’s mobile app provides users with real-time market data, personalized news feeds, and educational content. The app also features a virtual trading platform that allows users to practice trading without risking real money. Invstr’s partnerships with other companies in the financial services industry and its expansion into new markets show that the company is well-positioned for growth in the coming years.