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§ Private Profile · New York City, NY, USA
Fintech platform enabling fractional stock rewards for everyday spending via embedded investing for financial institutions and brands.
Based in New York City, Bits of Stock is a financial technology platform that enables community banks, credit unions, and retail brands to reward their customers with fractional shares of stock instead of traditional points or cashback. The enterprise provides a B2B SaaS solution that integrates embedded investing directly into banking applications via APIs, which has been shown to increase client card transactions by 19 percent. The platform currently works with more than 60 retail brands, including major consumer companies such as Adidas, Nike, and Uber, while also partnering with financial technology providers to drive customer engagement. To support its ongoing operations and expansion, Bits of Stock has raised $4.4 million in seed funding from institutional investors including Keen Ventures and Snap's Yellow accelerator program. The organization was founded by Arash Asady and Ryan Gary.
Bits of Stock has raised $4.4M across 1 funding round.
Bits of Stock has raised $4.4M in total across 1 funding round.
Bits of Stock has raised $4.4M in total across 1 funding round.
Bits of Stock's investors include Abdul Afridi, Yellow Accelerator.
Bits of Stock has raised $4.4M across 1 funding round. Most recently, it raised $4.4M Seed in June 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 14, 2022 | $4.4M Seed | Abdul Afridi, Yellow Accelerator |