See other companies on Welcome to the Jungle
Stake
Low-cost digital brokerage platform
- 101-200 employees
- Fintech
- B2C
- Investing
- Mobile
- Chalk Farm, London, UK
Jump to section
Company mission
Stake's mission is to create a platform that offers seamless access to global financial opportunities to the new generation of investors.
Our take
The U.S. stock market is home to some of the world’s most attractive investment opportunities, but they’re out of reach for many foreign investors, for whom engagement requires hefty foreign exchange fees. The market constitutes over half of the global stock market, though, so there’s much appetite for a more financially viable workaround. This is exactly what Stake, a commission-free digital brokerage platform, provides.
Stake have established a strong regional presence in Australia, boosted in part by an investment-savvy millennial demographic with a large GDP, who have not been wooed by institutional banking’s various efforts to get hold of their savings. It’s propelled Stake towards global expansion, with operations open in the UK, New Zealand, and Brazil.
It’s precisely their tight market focus which may have helped them launch successfully in these other regions. Their U.S.-market only approach, overlooking casual retail investors in favour of experienced hands, carves them out a different niche from that fought over by companies like Robinhood. With substantial scaling efforts underway, it will be interesting to see if they can maintain their affordable edge as operations expand.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- An Employee Stock Ownership Plan that reflects Stake’s high-performance culture and recognises that employees aren’t only contributors to the business but are owners of Stake’s success
- Free Stake Black membership and FX rebates each time you fund your Stake account
- An annual discretionary performance bonus
- Attractive talent referral bonus
- Flexible working options
Company values
- Hunger- We’re wired differently. We live to keep moving forward, to achieve; progress and win. We never settle.
- Hustle- Hunger means nothing without action. We’re relentless, determined and inventive in the pursuit of getting it done. We break barriers.
- Precision- We might be scrappy but we’re not sloppy. We execute with accuracy and attention to detail.
- Community- We’re in this together. There’s no winners and losers, just a community who binds to leave each other better off than before.
- Joy- Progress is easier when you love what you do. Things do get tough but we always keep things in perspective and let ourselves enjoy the journey.
Funding (last 2 of 3 rounds)
Apr 2022
$32.4m
SERIES A
May 2021
$25.9m
SERIES A
Total funding: $61.8m
This company has top investors
Leadership
Matt Leibowitz
(CEO)Previously a derivatives trader with Optiver.
Dan Silver
(COO)Previously a Commercial Manager at OAMPS UK, he went on to work a number of roles, including ultimately Program Manager of Integration at Wesfarmers Insurance. Prior to Stake he was a Group Integration and Planning Manager at Arthur J. Gallagher & Co.
Articles
