StockRepublic Raises $2.81 Million for Social Trading Platform

StockRepublic Raises $2.81 Million for Social Trading Platform
  • StockRepublic has raised $2.81 million (SEK 30 million).
  • The round was led by Avanza subsidiary Placera Media, which contributed $1.4 million (SEK 15 million).
  • The relationship between Placera Media and StockRepublic began at the start of this year when StockRepublic helped Placera Media operate and modernize its stock forum.

B2B social trading platform StockRepublic has raised $2.81 million (SEK 30 million) this week. The new investment is more than double the company’s existing funding and brings its total to $5.2 million (SEK 55.6 million).

Leading the round is Avanza’s subsidiary Placera Media, which contributed $1.4 million (SEK 15 million). The remaining $1.4 million (SEK 15 million) comes from existing investors and business angels.

Founded in 1999, Avanza is one of Sweden’s largest financial websites. The firm’s media subsidiary, Placera Media, covers news and updates on equities, funds, and savings. The company publishes articles, produces podcasts, and launches several TV segments each week.

StockRepublic’s partnership with Placera Media began earlier this year. The social trading company operated and modernized Placera Media’s stock forum. Today’s strategic partnership between the two will help StockRepublic ramp up hiring, further develop its service offering, and continue its expansion.

“We are very proud to have Sweden’s leading savings platform on board, both as customers and investors,” said StockRepublic CEO Fabian Grapengiesser. “StockRepublic has previously raised capital from customers, so it is a proven and successful model for us. This collaboration brings Avanza closer to us in a very positive way and allows us to continue to develop Avanza’s platform with exciting new services.”

Sweden-based StockRepublic was founded in 2018 and demoed its technology at FinovateEurope earlier this year.. The company’s platform offers customized apps and APIs to help banks and financial services providers increase customer engagement. Specifically, StockRepublic’s technology allows investors to leverage the experience and knowledge of other investors and, in turn, share their success. The company’s platform is currently available in six markets. Commerzbank is among its clients.

FinovateEurope 2023 Sneak Peek: StockRepublic

FinovateEurope 2023 Sneak Peek: StockRepublic

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot.

StockRepublic offers white label social trading apps for banks and brokers to provide their customers with features like social feeds, performance benchmarks, and access to like-minded people.

Features

  • Customizable to fit unique brands and needs
  • Ready to launch with weeks with no internal developer required
  • Fully compliant

Why it’s great

From organic growth to greater customer engagement and loyalty to increased trade volumes, StockRepublic’s social trading platform drives powerful results.

Presenter

Maximilian Knopp, Managing Director Germany & Head of Business Operations
With vast working experience in innovation and business development roles, Knopp understands what makes a great product, how to adapt to modern times, and what it takes to succeed in a market.
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