Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks
Companies, agencies, institutions, etc
Amazon
Alphabet
Tesla
LocalGlobe
Social Leverage
Y Combinator
Picus Capital and Raptor Group
GoCardless
Skyscanner
Deutsche Bank’s
Gotrade
TechCrunch
Stash
Saxo Bank
eToro
SPAC
Alpaca Securities LLC
the Financial Industry Regulatory Authority
the Securities Investor Protection Corporation
SIPC
First Republic Bank
FINRA and Securities Exchange Commission
Ribbit Capital
People
Matt Robinson
Carlos Gonzalez-Cadenas
Frank Strauss
Joel Yarbrough
David Grant
Norman Wanto
Rohit Mulani
SoFi
Remus Brett
Groups
American
Gotrade
Physical locations
Asia
Places
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Locations
the United States
U.S.
Rapyd
Singapore
dollar.”Robinhood
Events
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Summary
The app is free to use, but plans to add a premium paid subscription program and virtual debit card that users can link to their accounts.Trading platform eToro to go public via SPAC merger in $10B dealMany of Gotrade’s users are people who have invested in their local stock markets, but weren’t able to trade U.S. stocks before. The app also allows them to set a budget, and automatically calculates the amount of fractional shares they can afford through notional value trading.User accounts are protected up to $500,000 by the Securities Investor Protection Corporation (SIPC), and money goes through counterparties regulated in Singapore, like Rapyd, and the United States, including Alpaca and First Republic Bank.
As said here by Catherine Shu