Berlin-based fintech that has created a social investment platform, getquin has wrapped up a $15 million Series A round. The funding was led by Portage Ventures and backed by Horizons Ventures , existing investors embedded/capital and sino AG and angel investors such as N26 founder Maximilian Tayenthal and Scalable Capital founder Erik Podzuweit.
With over 200, 000 users in Germany and the DACH region as of now, the startup aims to expand its English-speaking community to make its service accessible to a broader user base.
Founded in early 2020 by Christian Rokitta and Raphael Steil, the platform provides an online community where people can discuss and analyse stocks, cryptocurrencies and other investment opportunities. It allows users to connect and aggregate their existing brokerage accounts, create and consume content and take part in discussions with other users.
Christian Rokitta, co-founder and CEO said: “While there is already a substantial amount of financial news and content providers, the recent months have shown that people mostly trust their connections and communities when it comes to financial information. The new investment allows us to invest significantly in the product to transform getquin into the primary source of information for investors around the globe.”
Hélène Falchier, partner at Portage Ventures added: “getquin has established a new way of financial content consumption in the DACH region. The last two years have shown that there is a big need for such a product in many markets, allowing people to build their own community, engage in a trusted relationship, and keep it fun at the same time.”