Richard Branson takes a stake in Lightyear, a start-up hoping to become Europe's answer to Robinhood
Publishing timestamp: 2022-07-14 05:00:01
Summary
Lightyear, a stock trading app based in the U.K., has raised $25 million in funding led by Lightspeed and backed by Richard Branson to expand across Europe. The company offers commission-free trading in global stocks and multi-currency accounts, aiming to make investing more transparent and accessible. Despite competition and market challenges, Lightyear plans to launch in more European countries and diversify its revenue stream.
Sentiment: POSITIVE
Keywords: hargreaves services plc, investment strategy, wise plc, markets, venture capital, wall street, internet, business news, fintech, richard branson, technology,