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.
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