Shares is a fintech app that combines commission-free stock trading with social features, letting users follow friends, comment on trades, create private chats and subscribe to investor communities. The app offers fractional shares and no minimum trade size, enabling investing from as little as £2. Shares has attracted 150,000 users in the U.K. and has raised $90 million for its product. The company recently received regulatory authorizations in France (ACPR accreditation to operate an investment service and PSAN status from the AMF), which enable it to handle crypto trades. Shares plans to launch in France next month by invitation and expects to use EU passporting rules to expand into other European countries. Shares is a stock trading app built around social interactions between peers, using in-app conversations to facilitate discussion of stocks. The product is currently available in the U.K. and has been compared to eToro, Freetrade, Robinhood and Trade Republic. The company highlights social engagement on its landing page and has said it wants to attract women; Les Échos reported women make up about 40% of its U.K. user base. Shares positions itself around making investing less boring while navigating questions about retail investor behavior. Like other neobrokers, it faces pressure to offer a broader range of assets to retain trading volume. Financially, Shares recently completed rounds totaling significant new capital. Shares is a European startup building a mobile stock-trading app that layers social-network features onto investing. The pre-product platform will let users trade 1,500 stocks with no-minimum, no-fees access, buy fractional shares and start investing with £1.00. The app will enable conversations with friends, peer learning, market intelligence data, educational content on investing/tax/regulation/compliance, and group stock indexes created with friends. Shares plans to comply with KYC and AML regulation. The company has assembled a 35-person team and is moving quickly toward launch. The startup was co-founded by Benjamin Chemla and François Ruty; Chemla previously co-founded Stuart.

Total raised

$140M

Funding rounds

3

Latest round

Equity

Latest activity

Jun 2023