Matador announced nearly $9 million in early funding and a Series A round co-led by Accel and Greycroft.
Ian Sigalow, partner and co-founder at Greycroft, compared Matador to payments app Venmo, which he was an early investor in. Matador's feed, which shows the user's friends' interactions and investments, functions in a similar way as Venmo's.
What makes Matador different from other investing apps, Malling said, is its social features. Customers are encouraged to connect with friends, share their own investment decisions and comment on each other's choices. The community feel of the platform gives newcomers comfort when making investment choices, he added, allowing them learn and interact with each other as they go.
"You think about a 25-year-old today. ... You didn't adopt social networks. You grew up on social networks. There is a lot of familiarity there. Make people all the more comfortable kicking off their financial journey with us versus somebody else," Malling said."You don't take a trip without going to TripAdvisor, checking out hotels or Airbnb and seeing ratings of experiences. So we really want to bring that same dynamic into the world of investing.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This startup seeks to identify water problems before they become crisesKetos raised $9 million in its latest funding round that it will use to grow a platform that aims to upgrade and improve the quality and safety of the water...
Read more »
Google fines make case for tougher antitrust curbsEurope has hit the Alphabet unit with its third penalty in less than two years, taking the toll to over $9 bln. That sum pales against the $600 bln the firm has added to its market cap since the investigations began in 2010. Both sides are being pushed to a bigger showdown.
Read more »
US companies are going public later and later and it's having a major impact on investingUS companies are opting to go public much later than they did in the past which is having a major impact on investing trends and the behaviour of VCs.
Read more »
VCs are investing hundreds of millions into quantum computing startups even as they're bracing for a 'quantum winter'Investors are hopeful about the promise of quantum computing, but experts expect a 'quantum winter.' Here's what they mean by that.
Read more »
Australian fintech Airwallex gains unicorn status after $100 million funding roundAirwallex raised $100M in a Series C funding round led by DST Global with participants Sequoia China, Tencent, Hillhouse Capital, and Gobi Partners.
Read more »
These are the most ‘influential’ people in wealth management, according to one rankingWealth managers are using social media to talk about the best investing and financial planning strategies, and some are doing it well enough to stand out...
Read more »
Citi aims to grow Asia wealth management client base by 10 pct in 2019Citigroup Inc said on Tuesday it planned to grow its Asia Pacific wealth managem...
Read more »
A long-term fund with $370 billion under management shares some investing 'themes'Canada's national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making.
Read more »