Sharesies, the empowering wealth app, has successfully secured $30,000,000 in new investment capital from investors. This significant funding round marks a pivotal moment for the company, reaffirming its position in the financial technology sector and its mission to broaden access to investment opportunities.
Since its 2017 launch, Sharesies has rapidly grown into a comprehensive platform, providing integrated access to investments, savings, and KiwiSaver within one app. The company's core mission is to level the playing field, ensuring individuals with as little as $5 have the same money opportunities as those with $5 million. Over half a million people currently use Sharesies to invest in the share market and manage their financial futures. Beyond its retail offering, Sharesies also partners with businesses to facilitate capital raises and engage employees through its Staff Shares program.
The $30,000,000 capital injection reflects strong investor belief in Sharesies' proven track record and its ambitious vision for retail investment. While specific expenditure plans were not detailed, Sharesies plans to strategically deploy these funds to further its growth initiatives. This will include enhancing its technology platform, expanding product offerings, and potentially scaling operations to reach a wider audience, all while maintaining its commitment to a user-centric experience.
As a certified B Corp and Living Wage Employer, Sharesies remains dedicated to its foundational principles of financial inclusion and ethical business practices. The company's overarching goal is to enable as many people as possible to grow their wealth, fostering financial empowerment to impact generations. This latest funding round is crucial for accelerating Sharesies' expansion, allowing it to continue innovating and strengthening its position as a key player in making investing accessible to all.
