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Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks – TechCrunch


Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks
Stock in many American companies, like Amazon, Alphabet or Tesla, can host hundreds or thousands of dollars per share. Fractional trading, or buying part of a single share through a brokerage, makes them more accessible at least to people within the United States. Investors in other countries, however, often have to pay high fees through interactive brokers. Gotrade makes fractional trading of U.S. stocks available to people in 150 countries, and charges a minimum of just one dollar.
The startup announced it has raised $7 million in seed funding led by LocalGlobe, with participation from Social Leverage, Y Combinator, Picus Capital and Raptor Group. The round also included angel investors like Matt Robinson, co-founder of GoCardless; Carlos Gonzalez-Cadenas, former chief product officer of Skyscanner; Frank Strauss, former head of Deutsche Bank’s global digital busin ....

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Oxygen Closes $17M Series A to Build Banking Platform – Bankless Times


Oxygen Closes $17M Series A to Build Banking Platform
Digital banking platform Oxygen today announced a $17 million Series A funding round. The round was led by Runa Capital, with participation from S7V; 1984.vc; EFG Hermes; Rucker Park; Inventures; Frank Strauss, Global CEO of the Private & Commercial Bank for Deutsche Bank AG; William Hockey, cofounder of Plaid; Ankur Nagpal; Peter Treadway; and NFL wide receiver Larry Fitzgerald. 
Oxygen provides flexible banking solutions to consumers and small businesses. Since launching in January of 2020, Oxygen has surpassed 125,000 accounts opened. Both the consumer and small business accounts have no minimum balance or monthly fees, are FDIC insured via a partnership with The Bancorp Bank, and come with a Visa debit card that includes cashback rewards on selected everyday spending categories and merchants.  ....

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