Rubicoin, the Irish fintech start-up that offers apps to allow people of all backgrounds to invest in the stock market, has raised €1.2m in funding to bring its services to a global market.
Having been co-founded by Emmet Savage and John Tyrrell in 2013, Rubicoin has found considerable success with its service, which aims to create millions of successful stock investors by making the process more accessible.
Last January, it launched the Invest in Rubicoin app in the US, which brought its service mobile, allowing users to select and manage various stocks, along with the advisory Learn by Rubicoin app.
It has now raised €1.2m from existing and private investors to bring these apps to a global reach of more than 140 countries.
This brings the total fundraising efforts of the company, which was spun out of University College Dublin’s (UCD) entrepreneur hub, NovaUCD, to €3m.
‘Very exciting process’
Speaking of the funding announcement, Tyrrell, who is the company’s COO, said: “From the very beginning, our mission has been ‘to get the world investing successfully’.
“We recently opened up our Invest by Rubicoin app to users across the world, which has so far created tens of thousands of new stock investors. Our latest funding round will assist our successful expansion into new markets, which is a very exciting prospect for us.”
Rubicoin has won plenty of plaudits in the past for its success within the fintech market, having made Siliconrepublic.com’s list of 30 Irish start-ups covering every corner of fintech.
Co-founder Savage made it into Irish America’s Wall Street 50 in 2015 while also making a list of the 25 key people influencing Ireland’s fintech revolution.
Stock market image via Shutterstock