3 years ago

Lightyear Raises $25 Million to Become the 'Robinhood of Europe'

  • Lightyear, a London-based investment platform, has raised $25 million in Series A funding led by Lightspeed Venture Partners, with participation from Mosaic Ventures, Taavet+Sten, Metaplanet, and Virgin Group

  • The company plans to use the funds to expand across Europe, starting with 19 Eurozone countries

  • Lightyear, which launched in the UK last year, is the first neobroker to unlock most of Europe in one move, offering commission-free, fee-free, and custody-free investing.

      • ProblemFinancial Services

      "In Europe, investors traditionally faced high transaction, custody and hidden foreign exchange fees when investing in international markets."

      Solution

      "Lightyear offers a multi-currency account with unlimited access to global markets and no hidden fees. This allows investors to add, hold and invest in different currencies without paying excessive fees."

      Covered on