Invstr 20m usann azevedotechcrunch
Invstr, a UK-based fintech startup, has raised $20 million in a funding round led by US-based Invstr 20m usann azevedotechcrunch, according to a report by TechCrunch. The funding will be used to expand the company’s reach and develop new products.
The Company
Invstr was founded in 2013 by Kerim Derhalli, a former executive at Deutsche Bank and JP Morgan. The company’s mission is to democratize finance by providing users with access to financial information and tools that were previously only available to professional investors. Invstr offers a range of products, including a mobile app that allows users to track their investments, learn about financial markets, and connect with other investors.
The Funding Round
The $20 million funding round was led by Ann Azevedo, a partner at US-based venture capital firm Costanoa Ventures. Other investors included Swiss private bank Julius Baer and venture capital firm IPGL. The funding brings Invstr’s total investment to date to $30 million. In a statement, Azevedo said: “We believe that Invstr is uniquely positioned to help democratize finance and empower individuals to take control of their financial futures. We are excited to partner with Kerim and the Invstr team as they continue to build innovative products that make finance more accessible and engaging.”
The Future
With the new funding, Invstr plans to expand its user base and develop new products. The company is also exploring partnerships with financial institutions and other companies in the fintech space. In a statement, Derhalli said: “We are thrilled to have Ann and Costanoa Ventures lead this funding round. This investment will allow us to accelerate our growth and continue to innovate in the fintech space. We are committed to democratizing finance and making it accessible to everyone, and this funding will help us achieve that goal.”
Conclusion
Invstr’s latest funding round is a testament to the company’s success in democratizing finance and making it accessible to everyone. With the support of investors like Ann Azevedo, Invstr is well-positioned to continue its growth and innovation in the fintech space.
