Invstr 1m 20m Usann Azevedotechcrunch: An Innovative
Invstr is a UK-based fintech startup that offers an innovative personal finance application. The app allows users to follow their portfolios, make informed investments, and move their money with ease. Since its launch in 2013, Invstr has grown exponentially and is now available to over 1 million users in more than 20 countries worldwide [1].
Recently, Invstr raised $20 million in a Series A funding round led by Azevedo Family Capital [2]. The funding will be used to expand the company’s financial education platform and launch new products. In this article, we will take a closer look at Invstr and its latest funding round.
What is Invstr?
Invstr is a personal finance application that aims to make investing accessible to everyone. The app offers a range of features that help users make informed investment decisions. These include real-time market data, personalized news feeds, and investment courses. Users can also track their portfolios and receive alerts when there are significant changes in the market [1].
One of the unique features of Invstr is its Fantasy Finance game. The game allows users to practice investing without risking any real money. Users can compete against each other and win prizes for their performance [1].
The Latest Funding Round
In March 2023, Invstr raised $20 million in a Series A funding round led by Azevedo Family Capital [2]. The funding will be used to expand the company’s financial education platform and launch new products. The company plans to use the funds to develop new features for its app, including a robo-advisor and a social trading platform [2].
The CEO of Invstr, Kerim Derhalli, stated that the funding would help the company achieve its goal of making investing accessible to everyone. He said, “We believe that everyone should have access to the tools and knowledge they need to invest in their future. This funding will help us to continue to develop innovative products that make investing easy and accessible for everyone” [2].
Invstr’s Competition
Invstr is not the only company that offers a personal finance application. The market is becoming increasingly competitive, with companies such as Robinhood and Acorns offering similar services. However, Invstr believes that it has a unique offering that sets it apart from its competitors.
Usann Azevedo, the US General Manager of Invstr, stated in an interview with TechCrunch that the company’s focus on financial education sets it apart from its competitors. She said, “We believe that education is the key to making investing accessible to everyone. Our app offers a range of educational resources that help users make informed investment decisions” [5].
Future Plans
Invstr has ambitious plans for the future. The company plans to expand its financial education platform and launch new products. It also plans to expand its services to the US market [4].
In an interview with TechCrunch, Usann Azevedo stated that the company’s goal is to make investing accessible to everyone. She said, “We want to make investing easy and accessible for everyone, regardless of their financial background or experience. We believe that everyone should have access to the tools and knowledge they need to invest in their future” [5].
Conclusion
Invstr is an innovative personal finance application that aims to make investing accessible to everyone. The app offers a range of features that help users make informed investment decisions, including real-time market data, personalized news feeds, and investment courses. The company recently raised $20 million in a Series A funding round led by Azevedo Family Capital. The funding will be used to expand the company’s financial education platform and launch new products. Invstr has ambitious plans for the future and aims to make investing easy and accessible for everyone.
