Sarna Finance, a trading and investment platform, has secured over $2.5m in seed investments from a range of venture capital firms.
Participating in the round were investors such as Simplex Ventures, Wedbush and Motivate Ventures.
The infusion of capital will help the firm bring its mobile investing app, currently in beta, to market in the United States this summer and in Europe at the end of 2023.
The company will also continue building its best-in-class risk management engine for real-time customer buying power calculations that enables T+0 settlement.
Previously in stealth, Sarna raised across two rounds. Motivate Ventures led Sarna’s pre-seed, while the seed raise was led by Simplex Ventures, and included participation from both Wedbush Financial Services and Wedbush Ventures, and several angels with trading, clearing, and financial services backgrounds.
Sarna founder Dominik Sarna said, “We’re grateful for the investment as well as the vote of confidence in our vision for the future of digital brokerage. The importance of finding investors with an understanding and history of success with investments in financial technology and services cannot be overstated. We are looking forward to working closely with them to reset the technical standard for the industry.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
