Investa, the UK’s first zero-commission listed options trading app, has successfully closed its inaugural crowdfunding campaign, securing £700k.
According to FinTech Finance, the round was notably oversubscribed, prompting an early close due to high demand. Founded by former Citi options brokers and the co-founder of Freetrade, Investa is positioned to democratize access to stock and options trading.
The funds raised in this round are earmarked for accelerating development and expanding marketing efforts as the company nears its official launch. Investa aims to redefine the trading experience by simplifying the technical journey, enabling on-the-go traders to engage with the market more effectively.
Currently, Investa is the only app in the UK that allows zero-commission trading of listed options, aiming to fill a significant market gap. This innovative approach intends to make options trading more accessible to UK investors, of whom only 2% are estimated to have traded options compared to 20% in the US.
The recent addition of Ian Fuller to the team underscores the company’s commitment to enhancing investor participation in options trading. His expertise is expected to be pivotal in refining the user experience.
Investa Co-founder and CEO Alec Beasley highlighted the untapped potential in the UK market, stating, “We estimate that only 2% of UK investors have traded an option compared to 20% in the US, so there’s a clear opportunity to bridge this gap. With Investa, we are aiming to make the options market more accessible, and the incredible interest in our first crowdfunding campaign proves that there are investors out there who want what we are offering.”
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