The inventory buying and selling app is bringing a brand new vary of inventory choices to retail traders from subsequent month.
Picture supply: Lightyear.
After securing a full European funding licence earlier this yr, Lightear is getting ready to launch UK and European shares and ETFs.
The funding platform is releasing a brand new vary of devices on the app subsequent month, from Tesco, Vodafone and Unilever to Vanguard, iShares and L’Oreal.
Based by former Smart execs Martin Sokk and Mihkel Aamer, the goal was to “deliver a world mindset to the European funding world”.
The launch of a brand new vary of funding choices on 17 October seeks to mark a change for retail traders in Europe with an expanded vary of entry.
“One in every of our main missions has at all times been to supply the individuals of Europe a low price strategy to construct a world portfolio,” CEO Sokk mentioned.
“Rolling out this new vary of worldwide and native shares, alongside ETFs, is a really massive step in the direction of that.”
The addition of ETFs marks the corporate’s enlargement into fund-based merchandise.
Shares listed on exchanges throughout Europe, such because the London Inventory Trade, Euronext and the DAX will likely be a part of the brand new launch.
“We couldn’t be happier to deliver our prospects much more alternatives to construct diversified portfolios on Lightyear, consisting of firms closest to their hearts, that they use of their on a regular basis, in addition to fund-based devices,” Sokk added.
The corporate raised a $25m collection A fairness spherical led by Lightspeed Enterprise Companions and Sir Richard Branson in July to develop into 19 new European nations.
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