Shares
| Private | |
| ISIN | 🆔 |
| Founded 📆 | April 2021 |
| Founder 👔 | Benjamin Chemla, Harjas Singh, Francois Ruty |
| Headquarters 🏙️ | , Paris , France |
Area served 🗺️ | |
| Services | Online Brokerage, Electronic trading platform, Social Trading |
| Members | |
Number of employees | |
| 🌐 Website | shares |
| 📇 Address | |
| 📞 telephone | |
Shares is an online investment platform offering stocks, ETFs and cryptocurrencies. Headquartered in Paris, it was founded by Benjamin Chemla, Harjas Singh and François Ruty.[1][2]
History[edit]
Shares was founded in April 2021 by Benjamin Chemla, Harjas Singh and François Ruty.[3] In April 2022, Shares was officially launched in the UK. In May, the app was the second most downloaded financial app on the UK App Store. A few months later, Shares reached 150,000 active users.[4]
In October 2022, it was announced that Serena and Venus Williams had become brand ambassadors.[5][6][7] In November 2022, Shares announced a collaboration with Ed Westwick for its first advertising campaign.[8]
In March 2023, Shares continued its European expansion and launched in Belgium and Poland, offering 66 cryptocurrencies, including Bitcoin, Ethereum, Polkadot and Dogecoin.[9][10] In June 2023, Shares became the first French fintech to obtain the PSAN (Provider of Services on Digital Assets) and PSI (Provider of Investment Services) authorisations, as an investment firm, issued respectively by the Financial Markets Authority (AMF) and the French Prudential Supervision and Resolution Authority (ACPR).[11][12][13] In July 2023, Shares launched its waitlist in France ahead of its product launch in late summer 2023.
Funding[edit]
In August 2021, Shares raised a $10 million seed round. The list of investors includes Valar Ventures (Peter Thiel's fund), Singular, Global Founders Capital, and Red Sea Ventures.[14][15]
In March 2022, Shares successfully closed a $40 million in Series A, from Valar Ventures, Singular and Global Founders Capital.[16][17] In July, Shares announced a $40 million Series B funding round led by Valar Ventures.[18][19]
Activity[edit]
Shares is a multi-asset investment platform allowing users to invest in stocks, exchange-traded funds and cryptocurrencies via an app.[20][21] Users can follow and engage with other investors’ investing activity in real time, as well as share and consume content in an in-app community.[22]
References[edit]
- ↑ "Bourse : Shares, le nouveau courtier qui veut séduire les femmes". Les Echos (in français). 2022-06-29. Retrieved 2023-08-27.
- ↑ Denn, Arthur Le (2022-03-03). "Le plan de Shares pour croquer l'Europe avec son app sociale d'investissement". Maddyness - Le média pour comprendre l'économie de demain (in français). Retrieved 2023-08-27.
- ↑ "Shares hires ex-Revolut as co-founder amid launch in UK and Europe".
- ↑ "Despite market worries, Peter Thiel-backed Shares nabs $40 million for social investing app". Tech.eu. 2022-07-25. Retrieved 2023-08-27.
- ↑ Burroughs, Callum. "Stock trading app Shares adds Serena and Venus Williams as investors. Here's the 19-slide pitch deck it used to raise a $40 million Series B." Business Insider. Retrieved 2023-08-27.
- ↑ Berthoux, Pierre (2022-10-05). "Venus et Serena Williams soutiennent la fintech française Shares". Forbes France (in français). Retrieved 2023-08-27.
- ↑ Hunt, Simon (2022-10-05). "Williams sisters back London-based Shares app in $40 million funding round". Evening Standard. Retrieved 2023-08-27.
- ↑ "Ed Westwick Teams Up With Shares to Champion New Era of Social Investing - Fintech Finance". ffnews.com. Retrieved 2023-08-27.
- ↑ Allain, Anne-Laure. "Shares, plateforme crypto soutenue par les soeurs Williams, attaque l'Europe Continentale par la Belgique". Corporate Finance, DeFi, Blockchain News (in français). Retrieved 2023-08-27.
- ↑ "Shares, la plateforme crypto soutenue par les soeurs Williams, se lance en Belgique".
- ↑ "Shares secures licence for EU trading, aims to be 'Louis Vuitton' of trading apps". Finextra Research. 2023-06-29. Retrieved 2023-08-27.
- ↑ "Shares devient la première fintech française à décrocher les autorisations PSAN et PSI". L'Agefi (in français). 2023-06-30. Retrieved 2023-08-27.
- ↑ Triniac, Manon (2023-06-29). "L'application Shares décroche ses autorisations pour le marché français". Maddyness - Le média pour comprendre l'économie de demain (in français). Retrieved 2023-08-27.
- ↑ "Europe's first social and investing app Shares.io raises €8.52M prior to launch | Silicon Canals". 2021-08-25. Retrieved 2023-08-27.
- ↑ Dillet, Romain (2022-03-03). "Shares raises $40 million for its social investment app". TechCrunch. Retrieved 2023-08-27.
- ↑ Burroughs, Callum. "This startup mixes social networking with investing. Peter Thiel's Valar Ventures led a $40 million round into Shares after seeing this 12-slide pitch deck". Business Insider. Retrieved 2023-08-27.
- ↑ "Shares encore soutenue par Peter Thiel". paperjam.lu (in français). Retrieved 2023-08-27.
- ↑ FinSMEs (2022-07-25). "Shares Raises $40M in Series B Funding". FinSMEs. Retrieved 2023-08-27.
- ↑ "Peter Thiel's Fund Leads $40 Million Round in Shares App". Bloomberg.com. 2022-07-24. Retrieved 2023-08-27.
- ↑ Croiset, Laure (2022-11-10). "Comment Shares veut féminiser l'accès au trading". Challenges (in français). Retrieved 2023-08-27.
- ↑ "Exclusive: Shares begins beta testing for crypto trading across Europe". Finextra Research. 2022-11-28. Retrieved 2023-08-27.
- ↑ "Social trading app, Shares, launches new Communities feature to connect investors - Fintech Finance". ffnews.com. Retrieved 2023-08-27.
External links[edit]
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