Instavest

wealthtech-retailfinancial research

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 10/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

Instavest provides a platfrom to share customers investments and their rationale to buy a particular stock. This rationale can be replicated by other customers. The best performing stocks/portfolio are ranked and as a result the original investor/ideator gaines more following.

Focus

PRODUCTS & SERVICES

Investments platform that alllows users to follow other traders and place trade orders. For seasoned traders, it provides a platform to showcase their trades, rank comparative to peers, generate followers who mimic their trade and generate additional income when followers generate profit.

REVENUE MODEL

Instavest generates its revenues when its users generate profits (by mimicing other traders). When an investor generates profits, he donates 5% of it to the original trader. 20% of this 5% is charged as fees by Instavest.

MAIN CLIENTS

Retail investors

EXISTING PARTNERSHIPS

Tradier API - to provide cloud-based brokerage service that executes investments/trades

COMMENT

It provides novice retail investors/interested traders a platform to follow seasoned investors. The new traders can check the performance of traders (who provide the idea) by checking their previous recommendations and performance of the same.

People

FOUNDERS

Zain Allarakhia

Saleem S. Khatri

Mohammad Mithani

BOARD MEMBERS AND ADVISORS

Saleem S. Khatri

Zain Allarakhia

NUMBER OF EMPLOYEES

1-10

INVESTORS:

DRW Venture Capital

FundersClub

TEEC Angel Fund

TSVC

Wei Guo

Y Combinator

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Aug 2016

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2014

LOCATION:

United States

Views:

122 VISITORS | 522 VIEWS
TOTAL EMPLOYEES
1-10

About

Instavest provides a platfrom to share customers investments and their rationale to buy a particular stock. This rationale can be replicated by other customers. The best performing stocks/portfolio are ranked and as a result the original investor/ideator gaines more following.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
People+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack