Sharesies
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|
Revenues | 3.5m | 4.8m | 17.5m | 23.2m |
% growth | - | 37 % | 265 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
* | $4.0m | Early VC | |
* |
| NZD25.0m | Early VC |
* |
| NZD50.0m Valuation: NZD500m | Early VC |
Total Funding | $52.5m |
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Recent News about Sharesies
EditSharesies is a New Zealand-based fintech startup that provides a user-friendly platform for everyday investors. The company operates in the financial services market, offering access to New Zealand, US, and Australian share markets with no minimum investment, making it accessible to a wide range of clients, from seasoned investors to beginners and even kids.
Sharesies' business model is centered around democratizing investment. It allows users to build their own investment portfolios, regardless of their financial background or knowledge. The platform also offers advanced features for more experienced investors looking to take their investing to the next level.
In addition to share trading, Sharesies offers a KiwiSaver experience, which is a retirement savings scheme in New Zealand. Users can invest their KiwiSaver balance and future contributions in the NZ companies and ETFs (Exchange Traded Funds - a type of investment fund and exchange-traded product, traded on stock exchanges) that matter most to them.
Sharesies also offers a savings account feature with an interest rate of 4.60% per annum, subject to change. This feature allows users to earn interest on their savings with no limits.
Furthermore, Sharesies provides financial education for kids. The platform allows adults to start a kid's journey to financial empowerment by helping them learn about money, build an investment portfolio, and save for their future.
Sharesies makes money through a subscription-based model. Users can choose a monthly plan that can help them save on fees. The platform also offers an auto-invest feature for regular investing and a gift feature to help someone special build their portfolio.
Keywords: Fintech, Investment Platform, Share Trading, KiwiSaver, ETFs, Savings Account, Financial Education, Subscription-Based Model, Auto-Invest, Financial Empowerment.