In the year since Robinhood garnered global attention for its role in the "meme stock" retail trading boom, investment apps around the world have attracted funding as investors seek exposure to burgeoning financial markets.
Here's a map that shows where stock trading apps—characterized by fractional and low-cost trades, simple user interfaces and a mission to "democratize" investing—have sprouted up.
Here's a map that shows where stock trading apps—characterized by fractional and low-cost trades, simple user interfaces and a mission to "democratize" investing—have sprouted up.
The phenomenon shows no sign of slowing down, as recent weeks brought a stream of early-stage rounds for investment apps:
- Cairo-based Thndr raised $20 million co-led by Tiger Global, BECO Capital and Prosus Ventures.
- Nigerian fintech Bamboo reportedly took in $15 million co-led by Greycroft and Tiger Global.
- Istanbul's Midas landed $12 million led by Spark Capital and Earlybird Digital East Fund.
- Infina, based in Ho Chi Minh City, raised $6 million to tap Vietnam's retail investor market.
Related read: Mapping the fintech world's top players and their most successful imitators
Featured imaged by Richard Drury/Getty Images
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