The Invstr App
Invstr 1m 20m series Azevedotechcrunch is a UK-based fintech startup that has recently raised $20 million in a Series A funding round led by Azevedo Family Capital [2]. The company’s mission is to democratize access to financial markets and empower individuals to make informed investment decisions. Invstr provides a social investment platform that allows users to invest in public companies for free and learn about investing through its financial education platform.
The company was founded in 2013 by Kerim Derhalli, a former managing director at Deutsche Bank [1]. Since then, Invstr has grown exponentially and is now available to over 1 million users in more than 20 countries [3]. The recent funding round will be used to expand the company’s financial education platform and launch new products.
The Invstr App
The Invstr app is available for both iOS and Android devices and provides users with a range of features to help them make informed investment decisions. Users can follow their portfolios, track their investments, and receive personalized news and alerts based on their interests. The app also includes a range of educational resources, including courses, quizzes, and articles, to help users learn about investing [1].
One of the unique features of the Invstr app is the ability to create or join investment clubs. Investment clubs are groups of people who pool their money together to invest in stocks or other securities. Invstr allows users to create or join investment clubs with friends, family, or other investors who share similar investment goals and interests [2].
Invstr’s Business Model
Invstr’s business model is based on providing free access to financial markets and earning revenue through partnerships with financial institutions. The company partners with brokers and other financial institutions to offer users the ability to trade stocks and other securities directly from the app. Invstr earns a commission on each trade made through its platform [1].
The company also partners with financial institutions to offer users access to other financial products, such as loans, credit cards, and insurance. Invstr earns a commission on each product sold through its platform [2].
Invstr’s Competitive Landscape
Invstr operates in a highly competitive market, with a range of other fintech startups offering similar services. Some of the company’s main competitors include Robinhood, Acorns, and Stash [1].
Robinhood is a US-based fintech startup that offers commission-free trading of stocks, options, and cryptocurrencies. The company has raised over $5 billion in funding and has over 13 million users [4].
Acorns is a US-based fintech startup that offers automated investment services. The company rounds up users’ purchases to the nearest dollar and invests the difference in a portfolio of exchange-traded funds (ETFs). Acorns has raised over $200 million in funding and has over 8 million users [5].
Stash is a US-based fintech startup that offers personalized investment advice and automated investment services. The company has raised over $300 million in funding and has over 5 million users [6].
Conclusion
Invstr 1m 20m series Azevedotechcrunch is a UK-based fintech startup that provides a social investment platform and financial education resources to empower individuals to make informed investment decisions. The company has recently raised $20 million in a Series A funding round led by Azevedo Family Capital and plans to use the funds to expand its financial education platform and launch new products. While Invstr operates in a highly competitive market, the company’s unique features, such as investment clubs and partnerships with financial institutions, may help it stand out from its competitors.
