Sharesies ·9 September 2024·1 outlet
Sharesies was reported to be raising another $5 million at cashflow breakeven
Sharesies was reported to be raising a further $5 million, and to have reached cashflow breakeven. The platform lets people invest from as little as a few cents across the New Zealand, Australian and United States sharemarkets, and has since expanded into KiwiSaver, savings and other wealth products.
We backed Sharesies because most people were locked out of investing by high minimums, brokerage costs and intimidating interfaces, and fractional shares opened the market to a whole generation of first-time investors. Reaching breakeven is the point at which a low-minimum, high-volume business stops depending on the next round to keep serving those customers. The foundation it built in shares is now carrying KiwiSaver, savings and other wealth products.
- Company
- Sharesies, www.sharesies.nz
- First reported
- 9 September 2024
- Outlets
- NBR
Who covered it
- Sharesies raising another $5m, is cashflow breakevenNBR, 9 September 2024
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