Stockal
Founded Year
2016Stage
Series A | AliveTotal Raised
$13.6MLast Raised
$9M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-137 points in the past 30 days
About Stockal
Stockal is a global investing platform that specializes in providing retail investors with the means to invest and save in international markets. The company offers a range of financial products including global stocks and ETFs, curated investment portfolios known as Stacks, and managed funds, alongside cash management services that allow users to save, invest, and spend from a single account. Stockal's platform is designed to be smart, simple, and secure, providing users with access to world-class research and analysis, real-time stock alerts, and the ability to invest in fractional shares. It was founded in 2016 and is based in New York, New York.
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Stockal's Product Videos
Stockal's Products & Differentiators
Stockal
Stockal is a cross between Robinhood and TransferWise. A global investing and investment management platform for retail investors who live in emerging economies. Works almost like Robinhood with added elements of wealth management. Completely digital experience for investors living in countries like India, UAE, Indonesia etc. to make investments in US markets. In addition to typcial investing functions, Stockal works seamlessly with local banks, supports local country compliance and taxation and helps keeps costs low while providing a smooth cross-border investing experience.
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Expert Collections containing Stockal
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Stockal is included in 2 Expert Collections, including Wealth Tech.
Wealth Tech
2,294 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
9,294 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Stockal News
Sep 19, 2024
However, without disclosing the deal size of the strategic acquisition, Stockal said that the move will allow it to offer a complete solution for cross-border investments. According to the company, Indian investors can now leverage Stockal’s platform to access over 6,000 global securities, while NRIs and foreign investors can invest in India’s markets. With this buyout, Stockal aims to tap INR 500-1,000 Cr of new investment into India over the next one year. Till date, the platform claims to have processed over INR 15,000 Cr in transactions. Sitashwa Srivastava, cofounder and CEO of Stockal, said, “This acquisition enables us to offer a truly holistic infrastructure for cross-border investing. We can take the Acru infrastructure to global banks, brokerages, wealth managers and fintechs to offer a simplified process for NRIs and PIOs investing in India’s dynamic market.” RECOMMENDED FOR yOU 19th September, 2024 “With Stockal’s backing, network, and expertise, we are well-positioned to provide a smoother investing experience and fast-track our goal of delivering bespoke financial solutions to the Indian diaspora,” said Acru founder Manjunath Reddy. Founded in 2016, Stockal has opened over 150,000 investment accounts and processed nearly $2 Bn in transactions. The company aims to reach $3 Bn by the end of FY 2024-25. Acru has developed infrastructure for investments in Indian mutual funds, digital gold, and digital silver. The company plans to add AIF, PMS, and listed equities as new asset classes for global investors. The acquisition is expected to boost Stockal’s overall transaction volumes and help it reach an asset base of over $5 Bn by the end of FY 2025-26. The integration of Acru’s infrastructure is likely to accelerate investment inflows from HNIs and institutional investors, particularly in the Middle East, USA, Singapore, UK, Australia, and Canada, the statement added. Stockal is also expanding its global footprint, with plans to launch in emerging economies like Indonesia, Malaysia, Vietnam, Ghana, and Nigeria by the end of this year. The company already has partnerships in UAE, Qatar, Oman, and Saudi Arabia. The cross-border investment market in India has been gaining traction, with several fintech companies expanding their offerings.
Stockal Frequently Asked Questions (FAQ)
When was Stockal founded?
Stockal was founded in 2016.
Where is Stockal's headquarters?
Stockal's headquarters is located at 25, Broadway, New York.
What is Stockal's latest funding round?
Stockal's latest funding round is Series A.
How much did Stockal raise?
Stockal raised a total of $13.6M.
Who are the investors of Stockal?
Investors of Stockal include PEAK6 Investments, Hashed, 7Square Ventures, Czar Capital, Riso Capital and 17 more.
Who are Stockal's competitors?
Competitors of Stockal include Fisdom, Freetrade, Globalise, Vested Finance, Scripbox and 7 more.
What products does Stockal offer?
Stockal's products include Stockal and 2 more.
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Compare Stockal to Competitors
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