Fintech Startup Stockpile Closes $30 Million
Stockpile announced the close of $30 million in Series B financing led by Eight Roads, with participation from Mayfield Fund, Arbor Ventures, Hanna Capital and Wang Ventures.
Stockpile’s mission is to make it easy for beginners of any age, including children and millennials, to learn about stock, get started investing in stocks, or to gift stocks. Stockpile enables users to buy fractional shares with as little as $5, making it possible for anyone to own stock in their favorite companies, including Amazon, Apple, Alphabet, Disney, Nike, Tesla and thousands of other popular stocks, as well as ETFs. Stockpile also allows users to gift stock via purchase of e-gift cards or retail cards sold at major retail chains, including Kroger, Office Depot, Safeway and Staples. According to the company, a growing number of Fortune 500 companies are using Stockpile gift cards for employee rewards and customer loyalty programs.