Online brokerage Stake receives USD 90 mln in funding

Wednesday 27 April 2022 09:01 CET | News

Australia-based digital broker specialised in US stocks Stake has announced the completion of a USD 90 million fundraising round.

The initial Series A funding round worth USD 40 million was completed in 2021 and is now followed by a USD 50 million extension used to further solidify its position on the brokerage market for Australian investors. The Series A extension round included renowned investors like Tiger Global and DST Global Partners and will continue to deliver competitive investment access for investors.

Launched in 2017, Stake offered USD 0 brokerage for US stocks in Australia and later launched an ASX platform with USD 3 CHESS-sponsored trades for thousands of popular US stocks, including Nike, Dropbox, and GoPro. The company is set to venture into cryptocurrency trading soon and will continue its zero-fee policy to attract both newbies and experienced traders on its digital platform. 

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: trade finance, funding, crowdfunding, online platform, trading platform, cryptocurrency exchange, cryptocurrency
Categories: Payments & Commerce
Companies: Stake, Tiger Global
Countries: Australia
This article is part of category

Payments & Commerce



Tiger Global

Discover all the Company news on Stake and other articles related to Stake in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events