Now Bitpanda is also expanding to equities, always with the same system that wants to bring investments within everyone’s reach: from the end of April it will therefore be possible to buy securities, at first one of the most popular 50 in Europe, then the list will expand progressively to the Asian and American lists with the addition of a hundred shares per month: “By the end of the summer we will cover all Italian shares: we will be the first operator to allow investment in fractional shares, with continuous operations, 24 hours a day, seven days a week, and a global coverage of shares ”, summarizes the CEO.
Who does not hide his ambitions: «We want to be one investment company for everyone: what before you could only do with thousands of euros, is now also available for those who have two euros at their disposal “.
Goal ten million
So alongside literacy to increase investor awareness, structured around the gamification made up of incentives and prize quizzes, the model always remains that of trading “commission free”, With a business model that plays on spread bid-ask on large numbers.
Now the funds raised in the latest round, led by Valar Ventures, who happens to also invest in Robinhood, will be channeled to accelerate growth both with the landing in new markets (an operational headquarters will be opened in Italy by the summer) and with new products to expand the available asset classes. But also by focusing on human capital: the 360 employees of the Vienna headquarters will rise to 500 by the end of the year.
The goal is to reach over ten million users within a couple of years. Always remaining in profitability territory: Bitpanda has been in the black for four years. Now it aims to free itself more and more from dependence on cryptocurrencies.