• FOUNDING YEAR: 2013
    LOCATION:
    Australia
    REGION:
    New South Wales
    Last Update:
    29 Jan, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Stockspot is an automated investment tool that allows opening accounts for individuals, joint, company, trust, and self-managed super funds (SMSF). The company doesn’t provide its services to non-Australian citizens who also live outside of Australia. The initial amount of starting investment is $2,000. The company claims to provide service without the high fees, confusing jargon, endless paperwork, and lack of transparency and provides Australians with a low-fee investment service.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail investors
COMMENT
Stockspot uses Mean-Variance Optimisation - the foundation of Modern Portfolio Theory, to allocate the percentage of each asset class in customers portfolio.

PEOPLE

MEDICI analysts will analyze Stockspot soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$4.5 Millions
DATE OF LAST FUNDING:
May 2017
TOTAL FUNDING COMMENT:
The company is planning to use the fund for marketing and also planning to bring new products to the market, including one aimed at the self-managed superannuation fund market.
SEED & PRIOR FUNDING:
$250 K
SEED CLOSED ON:
Apr 2014
FUNDING SERIES:
SERIES A
$1.25 Millions Closed: Jun 2015
SERIES B
$3 Millions Closed: May 2017
LISTED:
NO

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