Invstr Raises $20M Series A from Azevedo and TechCrunch
Invstr, a London-based fintech startup, has raised $20 million in a Series A funding round led by Azevedo, a Portuguese family office, and TechCrunch. The funding will be used to expand the company’s financial education platform and develop new products.
Founded in 2013 by Kerim Derhalli, a former managing director at Deutsche Bank, Invstr aims to democratize finance by providing accessible financial education to everyone. The company’s flagship app, also called Invstr, offers a range of features including virtual trading, personalized news feeds, and educational content.
The Invstr App
The Invstr app is designed to help users learn about investing and trading in a fun and engaging way. Users can create virtual portfolios and trade with virtual money, allowing them to practice their skills without risking real money. The app also provides personalized news feeds based on users’ interests and offers educational content such as courses, quizzes, and videos.
In addition to the app, Invstr also offers a range of other products and services. These include a financial education platform for schools and universities, a data analytics platform for financial professionals, and a social network for investors.
The Series A Funding Round
The Series A funding round was led by Azevedo and TechCrunch, with participation from existing investors including FinTech Collective, European angel investor Tim Levene, and former Thomson Reuters CEO Tom Glocer.
According to Invstr CEO Kerim Derhalli, the funding will be used to expand the company’s financial education platform and develop new products. “We’re thrilled to have the support of Azevedo and TechCrunch as we continue to grow our business,” he said. “This funding will allow us to reach even more people with our mission of democratizing finance.”
The Future of Invstr
With the new funding, Invstr plans to expand its financial education platform and develop new products. The company aims to reach more people with its mission of democratizing finance and helping everyone to become more financially literate.
One area of focus for Invstr is its financial education platform for schools and universities. The platform provides teachers with a range of resources to help them teach financial literacy to their students. With the new funding, Invstr plans to expand this platform and reach more schools and universities around the world.
Another area of focus for Invstr is its data analytics platform for financial professionals. The platform provides financial professionals with real-time market data and analytics tools to help them make better investment decisions. With the new funding, Invstr plans to expand this platform and develop new tools and features.
Conclusion
Invstr’s $20 million Series A funding round led by Azevedo and TechCrunch is a significant milestone for the London-based fintech startup. With the new funding, Invstr plans to expand its financial education platform and develop new products, furthering its mission of democratizing finance and helping everyone to become more financially literate. As the company continues to grow, it will be interesting to see how it evolves and how it impacts the world of finance.
