Business

Australian fintech Stake raises a BRL 210 million round and aims to expand in Brazil

The round was led by the funds Tiger Global and DST Global; Stake's platform allows people outside the United States to invest in the U.S. stock market

Stake
Photo: Stake/Courtesy
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Stake, an Australian fintech that provides a digital platform to invest in the United States stock exchange, announced a BRL 210 million round led by the funds Tiger Global and DST Global and following by family office investors. The investment will be used to drive fintech’s global expansion. Currently, Stake operates in Australia, the United Kingdom, New Zealand and Brazil the country where it started operating last October – and already has a 350,000 customer base worldwide.

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Through its platform, Stake offers to individual investors access to more than 4,000 shares from the United States stock market. Investors are able to trade shares fractions, which allows access to any share, regardless of its price or the value of the investment. In addition, the platform gathers financial data from companies, analyst ratings and target prices from Wall Street companies.

According to the company, the investment will allow a huge investment in local markets and, in Latin America, this will happen in Brazil.

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“As much as Stake has an Australian DNA, performance is always thought globally and it is essential to deeply understand local behavior in order to act according to the interests of specific audiences, who have their preferences and particularities,” explains Paulo Kulikovsky, Stake’s global COO and general director in Latin America.

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