Trading app Shares apparently coming to Germany

The Paris-based start-up was only founded in 2021 and is already looking to expand into Germany.

The trading app Shares is said to be planning its expansion into Germany, as Finance Forward reports. The French start-up recently received 40 million US dollars for its European expansion. The lead investors in the last financing round were Peter Thiel's Valar Ventures and Rocket Internet. Founded in 2021, the company already employs 130 people. According to Finance Forward, the start-up is currently looking for a manager to prepare its market entry in Germany.

"People are already using solutions such as Whatsapp, Telegram and joining communities to talk about share trading. We realized that there is a need for an investment product that allows groups of friends to invest, discuss and share their investment journey," the portal quotes Altfi the founder Harjas Singh.

In the Shares app, the founder combines the functions of a trading app with those of a social network. Users can trade shares free of charge and chat about them with their friends at the same time. In the newsfeed, users can see which shares their friends and family are buying and comment on them.