Sweden’s Social Trading Platform StockRepublic Secured SEK 15 Million from Placera Mediaby Fintechnews Nordics June 26, 2023
Placera Media is investing in Stockholm based Social Trading platform StockRepublic,
Placera Media operates the financial news site Placera and the magazine Börsveckan. Avanza Bank Holdning AB owns Placera Media, but its content and editorial operations are independent from Avanza. Placera Media is now investing SEK 15 million in StockRepublic, which among other things has built the new and relaunched Placera Forum. The investment corresponds to 10 per cent of the shares in StockRepublic and links the company closer to Placera.
“StockRepublic has posted impressive performance, both in Sweden and internationally. Placera today has Sweden’s largest stock forum with Placera Forum, and together with StockRepublic we can further develop functionality and user experience. The investment also gives Placera exclusivity in Sweden to StockRepublic’s products,”
says Johan Kleis, CEO of Placera Media.
Placera’s new forum has 400,000 visitors a week and right from the start the intention was to develop new functions. With the help of StockRepublic, Placera will be able to add several new services.
“We are pleased that Placera is making this investment. Our customers are very knowledgeable and Social Trading is an important area for Avanza. Being able to compare your stock portfolio to others’, for example, is a feature that has been requested by our customers,”
says Rikard Josefson, CEO of Avanza.
StockRepublic offers a social trading platform with customised apps and API services for financial institutions. The platform is used to give investors access to a community with insights on investing and benchmarks for returns, risks and climate impacts. The company has built successful communities for leading banks. StockRepublic was started in 2019 and has offices in Stockholm and Hamburg.
Featured image credit: Edited from freepik.