Breaking News
Continuing to break barriers, online brokerage Stake completes $60+ million funding round
It seems there is no barrier too high and no market too slow for digital broker Stake. Stake has today announced the completion of a $63 million fundraising round, further solidifying their position as a leading global brokerage for the next generation of retail investors.
“In an environment where many online brokers are facing headwinds, Stake has continued to go from strength to strength. The growth in our customer numbers and asset base continue to outpace last year and we’re blown away, given it has been a much tougher macro environment. This is a vote of confidence from both customers and investors in what we have delivered and what we are building towards.” says Stake Founder and CEO Matt Leibowitz.
Having announced an initial $28 million Series A funding round in May 2021, the Series A extension announced today equips Stake with an additional $35 million bringing the total Series A fundraise to $63 million. The Series A included renowned investors Tiger Global and DST Global Partners.
“This funding allows us to accelerate and continue to deliver on our mission to provide unrivaled access for next generation investors. We have been truly humbled to receive continued interest from top-tier global investors as they witness the impact that Stake is having in the market.” Leibowitz added.
“We’re excited to be part of what Stake is building and to support the company in the next phase of its journey. From day one, we’ve been impressed with the team’s focus on better customer outcomes and the innovative ways they connect their customers to the markets.” said Alex Cook, Partner, Tiger Global.
Founded by Matt Leibowitz and Dan Silver in Sydney in 2017, Stake pioneered $0 brokerage for U.S. stocks in Australia and has since expanded its operations to the UK, New Zealand and Brazil.
Stake’s warchest may signify a seismic shift in the hotly contested online brokerage sector, as continued momentum at the company diverges from challenging conditions which have plagued both local and international players alike.
“Regardless of the market conditions, we remain laser focused on providing the best access to financial opportunities for our customers. We’re building an investing experience for the next generation of investors, and we’re excited to put our time and energy into redefining how people invest.” concluded Leibowitz.
Companies In This Post
- Upstart Showcases AI Breakthroughs and Business Momentum at Inaugural ‘AI Day’ Read more
- Brex Receives Bond Rating Upgrade to AAA from Kroll Bond Rating Agency, Achieving Highest Possible Rating Read more
- New Global Digital Economy Trust Index Exposes Correlation Between GDP Growth and Consumer Trust Read more
- Perplexity Selects PayPal to Power Agentic Commerce Read more
- MoneyNext Announces Agenda for UK’s Leading BankingTransformation Summit Read more
Digital Bank Zopa Raises £80 Million in AT1 Capital With First LSE Bond Listing
Digital bank Zopa has raised £80 million in Additional Tier 1 (AT1) capital from existing and new investors ahead of a period of accelerated growth.
Bestow Closes $120M Oversubscribed Series D Funding
Bestow Inc., a leading insurance technology company, today announced the close of a $120 million oversubscribed Series D funding round, including primary and secondary investments.
MPOWER Financing Securitizes $313.2 Million of International
MPOWER Financing ("MPOWER"), a mission-driven fintech firm and the leader in international student financing, today announced the completion of its second securitization, MPOWER Education Trust 2025-A ("MPOWR 2025-A"). The $313.2 million collateral pool is composed of U.S. dollar-denominated, fixed-rate loans made to international students attending leading American and Canadian universities.
iAltA Holdings Launches With Initial Funding of $20M to Modernize Private Markets, Led by Proven Industry Builders and Backed by WestCap
iAltA Holdings (“iAltA”), a private markets infrastructure company, announces its launch with an initial funding of $20 million led by WestCap, a strategic operating and investing firm with over $6 billion in assets under management. Incubated at WestCap, iAltA’s mission is to build an innovative digital infrastructure that unifies private market systems. As part of this announcement, iAltA is also launching its first platform solution, iAltA Private Markets, to empower General Partners (GPs) to seamlessly execute transactions and cash movements, efficiently engage with investors, streamline fund operations and make data-driven decisions.
French Unicorn Mirakl Launches Financing For Ecommerce Sellers With Fintech Storfund
Storfund has announced a new partnership that will enable businesses to use the fintech’s cash flow solution on the 400+ marketplaces powered by Mirakl, the leading provider of ecommerce software solutions.
Stash Secures $146M Series H To Lead the Next Era of AI-Driven Financial Guidance
Stash announced today that it has secured $146 million in an oversubscribed new Series H funding
Mongolian AI Startup Secures $3.5 Million USD to Advance National AI Infrastructure and Digital Future
Egune AI, Mongolia’s first foundational artificial intelligence platform, has today, announced a $3.5 million USD equity investment from Golomt Bank, one of Mongolia’s largest commercial banks. The financing marks a critical moment in Mongolia’s digital evolution, enabling Egune AI to scale its technology, enhance service accessibility, and strengthen the country’s national AI infrastructure.
Upstart Showcases AI Breakthroughs and Business Momentum at Inaugural ‘AI Day’
Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today hosted its first-ever AI Day investor event in New York City, where executives highlighted the company’s proprietary AI, differentiated business model, and unique financial profile.
Brex Receives Bond Rating Upgrade to AAA from Kroll Bond Rating Agency, Achieving Highest Possible Rating
Brex, the modern finance platform for growing businesses from startups to enterprises, today announced that its senior bond has been upgraded from AA to AAA by Kroll Bond Rating Agency (KBRA)—the highest possible rating.
New Global Digital Economy Trust Index Exposes Correlation Between GDP Growth and Consumer Trust
Today Checkout.com, a leading global digital payments company, launches the inaugural Digital Economy Trust Index, which measures consumer confidence in digital platforms and ranks 16 countries based on security, transparency and user experience in the digital economy.
Perplexity Selects PayPal to Power Agentic Commerce
Perplexity today announced that it has partnered with PayPal to power agentic commerce across its Perplexity Pro platform. Starting this summer in the U.S., consumers can check out instantly with PayPal or Venmo when they ask Perplexity to find products, book travel, or buy tickets.
MoneyNext Announces Agenda for UK’s Leading BankingTransformation Summit
Take a front-row seat to the future of banking innovation as MoneyNext announces the full agenda and speaker lineup for Banking Transformation Summit 2025.
Redefining Risk: Advanced Credit Risk Management, Modelling & Validation 2025
Marcus Evans is delighted to present the 8th Annual Advanced Credit Risk Management, Modelling & Validation conference, taking place from 30 July – 1 August 2025 in Singapore.
EXCLUSIVE: “Fertile Ground” – Hugo Oliveira Sousa, OakNorth in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]