Founders Fund led a USD6m seed round for Vest, a retail platform enabling Latin American consumers to invest in public companies listed on the NASDAQ or NYSE, with participation from Nazca, CLass 5 Global, FJ Labs and Tamarack Global. Angels participating in the round include Carlos Garcia (Kavak), Florian Hagenbuch (Loft), Nico Barawid (Casai) Gerry Giacoman (Clara), Scott Schleifer (Tiger Global) and Brian Barnes (M1 Finance).
(TechCrunch) – Latin Americans seeking the ability to invest in companies trading on the Nasdaq and New York Stock Exchange now have a new option in Vest, a startup that has launched a mobile-first brokerage app with zero-commission trading in the Americas.
CEO and co-founder Aaron Polhamus said he, Miguel Arroyo and Jaime Rodas were driven to start Vest in December 2020 because of their belief that while Latin Americans work hard for their savings, “historically their savings have not worked hard for them.”
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