yeekatee, an investing social network, has scored $1.9m in a pre-seed funding round backed by a co-founder of WealthTech firm Avaloq.
According to Finextra, the company secured financial backing from Ronald Strässler, one of the co-founders of Avaloq.
Founded in 2021, Switzerland-based yeekatee has launched a social investment platform to support global markets and make investing more accessible to everyone. The firm claims its platform combines vibrant communities of friends, influencers and quality research from its partner banks.
Bank accounts can be easily linked to yeekatee via traditional web-and mobile banking and allow a seamless real-time trading experience through yeekatee. Any personal data always remains at our partner banks.
The network offers market insights and investing tutorials from community experts and institutional partners such as banks, brokers and asset managers. Institutional partners can also use yeekatee as a communication channel to their clients.
The newly raised capital will be used to make hires and bring the app to market, with plans to open access to users in Switzerland in April, with the rest of Europe following next year.
yeekatee co-founder Didier Matthey said, “We believe yeekatee will change the future of investing, the way people engage with investing topics and activities. And we can’t wait to see the impact it has on our users.”
Last year, Avaloq successfully implemented its core banking system with Cathay United Bank to help support the latter’s continued growth.
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