Sharesies attracts Xero and Robinhood investors

Thu, 10 Dec 2020

Sharesies has caught the eye of two investors with strong track records in backing winners as the Kiwi digital wealth platform raised $25 million, having more than trebled its users over the past year. US venture capital firm Amplo, which has a stake in US-based online investment app Robinhood, paid $4 million to buy a 2.7 percent stake in Sharesies. Existing investors Trade Me, Stephen Tindall's K1W1 and Icehouse Ventures also took part in the share sale, which values the three-year-old company at $147 million.Amplo boasts a star-stud...

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