Share this article
SAN FRANCISCO and MUMBAI, India, Feb. 4, 2021 /PRNewswire/
Vested Finance, a Silicon Valley-based online investment platform that enables Indian investors to invest in the U.S. stock market, today announced it has raised a $3.6 million seed funding round with participation from Moving Capital, Ovo Fund and TenOneTen Ventures in the U.S., and Inflection Point Ventures and Venture Catalysts in India. The company will use the new funds to accelerate product development and hire talent across the U.S. and India.
Vested is on a mission to enable sustainable wealth creation by allowing local investors to invest globally. Founded two years ago, the company saw rapid growth in 2020. Money deposited into Vested accounts grew 26x over the last twelve months, along with a 5x increase in U.S. brokerage accounts opened through the platform. Vested processed more than $100 million in trades in 2020, and more than half of the investors using the Vested platform are investin
Tracey L. (Smith) Quartaroli, loving wife, devoted mother and loyal friend, died on Wednesday, January 20, at the young age of 51, after losing her three-year, hard-fought battle with Stage IV colon cancer. She was at her home surrounded by her family and closest friends.
Tracey was born June 19, 1969, in Kanazawa, Japan, at the U.S. Naval base where both her father and mother were stationed. The family eventually returned to the states and resided in such places as Annapolis, Maryland, Santa Fe, New Mexico, and Colorado Springs, Colorado, finally settling in San Jose, California.
Tracey attended Willow Glen High School and graduated in 1987. She continued her education at San Jose State University, where she received a bachelorâs degree in advertising. She also met the love of her life in college, her husband, Brian. Her professional career included working at multiple Silicon Valley-based startup companies. She worked in the marketing departments and coordinated and managed
Public Pension Fund CalPERS Acquires More Shares in RIOT
Last Updated: 04 February 2021
California’s Public Employees’ Retirement System (CalPERS) now owns over 100,000 shares in bitcoin mining firm RIOT Blockchain following further stake made during Bitcoin’s late rally in December 2020.
CalPERS Buy More RIOT Shares
The largest public fund in the U.S now holds 113,034 shares in Riot, up from the initial holding of 16,097 shares made in 2017, according to a recent filing. The company’s total holding is now worth around $2m.
CalPERS’ new acquisitions reflect rising faith in BTC and the potential benefits cryptocurrencies as a whole can bring to the financial system globally.
Accel backs Mexican startup Flink’s effort to bring consumer investing to Latin America
Here in the U.S., we take for granted the ability to invest and trade in the stock market. So while we can get in an uproar about the various ways Robinhood may or may not be acting responsibly, it can be easy to forget that not everyone in the world has the same access to potentially making or losing money via trading as we do.
For Mexico City-born Sergio Jiménez Amozurrutia, the fact that in his country of more than 120 million people, only a tiny fraction of the population have the ability to invest in the capital markets just didn’t seem right. To him, the lack of widespread participation in investing is an example of the rich getting richer as part of an infrastructure “that is built for the wealthy.” The result of the imbalance is that a lot of people are locked out of making potentially wealth-building investments.