Invstr Raises $20M in Series A Funding Led by Uncork Capital
Invstr, a personal finance application that allows users to follow their portfolios, make informed investments, and move their money with ease, has raised $20M in a series A funding round led by Uncork Capital [1]. The company, which was founded in 2013, has grown exponentially and is now available to over 1 million users in more than 20 countries [1]. Invstr’s success can be attributed to its innovative features, such as a simplified investment process and real-time tracking of investments [3].
The Intensifying Robinhood Competitor Landscape
As Invstr raises $20M, TechCrunch’s Mary Ann Azevedo weighs in on the intensifying Robinhood competitor landscape [2]. The competition in the personal finance application market has been heating up, with companies like Robinhood, Acorns, and Stash all vying for market share. However, Invstr has managed to stand out by offering unique features that cater to the needs of its users.
Invstr’s Key Features
One of Invstr’s key features is its simplified investment process. The platform allows users to invest in a variety of assets, including stocks, cryptocurrency, and ETFs [3]. The process is straightforward and easy to understand, making it accessible to users of all levels of experience. Additionally, Invstr offers real-time tracking of investments, allowing users to stay up-to-date on their portfolio’s performance [3].
Another feature that sets Invstr apart from its competitors is its focus on education. The platform offers a wealth of educational resources, including articles, videos, and quizzes, to help users learn about investing [1]. This feature is especially important for novice investors who may be intimidated by the complexity of the stock market.
Invstr’s Future Plans
With the $20M in funding, Invstr plans to expand its offerings and reach more users. The company is looking to add new features, such as options trading and fractional shares, to its platform [1]. Additionally, Invstr is planning to expand its user base by targeting younger investors who are just starting to invest [2].
Conclusion
Invstr’s success can be attributed to its innovative features, simplified investment process, and focus on education. With the recent funding round, the company is well-positioned to continue its growth and expand its offerings. As the competition in the personal finance application market continues to intensify, Invstr’s unique features and user-focused approach will likely help it stand out from the crowd.
