Global Trading Platform Stake Adds $30M From Tiger Global, DST Global

Stake secured a funding round of $30 million from Tiger Global and partners of DST Global.

What Happened: Stake is a commission-free, fractional trading application that allows global access to U.S. markets.

The idea behind Stake emerged in 2009 when Stake’s founder, Matt Leibowitz, sought a better way to invest in the immense innovation, diversity of companies, and advanced liquidity available in the United States.

Since then, in a move to expand into new markets, including Europe, and broaden its product offer, Stake announced the addition of $30 million in financing. This comes as Stake has seen an average 25% month-on-month U.K. customer growth and has amassed a global customer base of 330,000.

“We’re really excited to get to this point but it’s just the start. We set out to change the game for retail investors and were self-funded for the first four years of our journey. We’ve proven the model and now have the chance to expand our product and bring our zero-brokerage service to more retail investors,” said Leibowitz.

Why It Matters: In light of recent expansion and strong growth in the U.K., Stake is committed to further democratizing access to U.S. markets.

According to Stake’s co-founder and COO, Dan Silver, existing solutions, prior to the founding of Stake, made investing in the U.S. seem difficult: “Our premise was how can we -- with advancements in technology -- bring U.S. markets into the palm of people’s hands around the world?”

Now, the company offers retail investors fractional access to more than 4,400 U.S. stocks and ETFs, for $0 in brokerage fees. Also available are advanced order types, trading on unsettled funds, as well as access to fundamental insights like analyst ratings and price targets.

“We started with US stocks & ETFs, but that’s just the beginning. Access is in our DNA and we’ve got exciting plans to give UK investors even more opportunities both in the short and long-term” Leibowitz added.

To find out more on how you too can invest in U.S. stocks and ETFs, visit hellostake.com.