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Getquin snags $15m Series A

Getquin, a social network for investors, has secured $15 million in Series A funding.

Getquin, a social network for investors, has secured $15 million in Series A funding. Portage Ventures led the round.

PRESS RELEASE

Berlin,1stofJune2022- The social network for investors,getquin,has announceda$15 million Series A round led by global fintech investor Portage Ventures, known for investments such as Clark and Wealthsimple. The round was joined by Horizons Ventures, a Hong Kong-based venture capital firm, which has also previously invested in other fintech companies within Berlin such as N26 and wefox. Existing investors embedded/capital and sino AG, which is known for its early-stage investment in Trade Republic, also participated in the round, partly through loan conversions, as well as well-known business angels such as N26 founder Maximilian Tayenthal and Scalable Capital founder Erik Podzuweit.
getquin provides an online community where people can discuss and analyze stocks, cryptocurrencies, ETFs and other investment opportunities. The platform allows its more than 200.000 users to connect and aggregate their existing brokerage accounts, create and consume content and take part in discussions with other users. The company is seeing increased interest from investors seeking social exchange and advice from the community, especially in recent times of high market volatility and tech stock decline.

“While there is already a substantial amount of financial news and content providers, the recent months have shown that people mostly trust their connections and communities when it comes to financial information. The new investment allows us to invest significantly in the product to transform getquin into the primary source of information for investors around the globe.”