Trading app Shares apparently coming to Germany
Janina Gerhardt
| 08.03.2022
The Paris-based start-up was only founded in 2021 and is already aiming to expand into Germany.
The Shares trading app is said to be planning its expansion into Germany, as Finance Forward reported. Just recently, the French startup received $40 million for its European expansion. The lead investors in the latest round of funding were Peter Thiel's Valar Ventures and Rocket Internet. Founded in 2021, the company already employs 130 people. According to Finance Forward, the startup is currently looking for a manager to prepare its market entry in Germany.
"People are already using solutions like Whatsapp, Telegram and joining communities to talk about stock 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 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 stocks for free and chat about it with their friends at the same time. In the newsfeed, users can see which stocks friends and family are buying and comment on this.
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2014
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Rocket Internet
Rocket Internet incubates, builds and operationally develops internet-based business models. It provides operational support to its companies and helps them scale internationally.
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