Brazilian WealthTech Sprout receives investment of US$ 5.2 million to allow people to invest in the US with one dollar

September 23, 2021
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Revista Pegn
The Brazilian company received an investment of 5.2 million dollars to extend its services.

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The Brazilian application Sprout , which allows investment in the United States stock market, raised $ 5.2 million in investment capital to boost the start of its operations in the rest of Latin America .

The investment round was carried out by the accelerator Y Combinator and by the companies Public.com and Sound Ventures, Liquid2, Geometry Ventures, HOF Capital, Quiet Ventures, First Check Ventures, Investo and The Marathon Lab. The startup also received resources from Oliver Jung , famous for supporting companies like Uber, Nubank, Brex and WeWork; Ricardo Weder from retailtech Justo; Brian Requarth, from the Viva Real site; Zach Sims of edtech CodeAcademy; Parker Treacy, from the logistics startup Cobli; and Vinicius Correa, Manoela Mitchell and Thiago Torres, founders of the healthtech Pipo Saúde.

Sprout allows you to make investments as low as a dollar without the need for minimum account value and without fees in more than 4,000 US stocks, funds and ETFs. it also functions as a social network through which users can exchange ideas about investments, connect with profiles of interest and interact with specific groups.

The startup was founded by Ruben Guerrero and Tyler Richie in February 2021.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

The Brazilian application Sprout , which allows investment in the United States stock market, raised $ 5.2 million in investment capital to boost the start of its operations in the rest of Latin America .

The investment round was carried out by the accelerator Y Combinator and by the companies Public.com and Sound Ventures, Liquid2, Geometry Ventures, HOF Capital, Quiet Ventures, First Check Ventures, Investo and The Marathon Lab. The startup also received resources from Oliver Jung , famous for supporting companies like Uber, Nubank, Brex and WeWork; Ricardo Weder from retailtech Justo; Brian Requarth, from the Viva Real site; Zach Sims of edtech CodeAcademy; Parker Treacy, from the logistics startup Cobli; and Vinicius Correa, Manoela Mitchell and Thiago Torres, founders of the healthtech Pipo Saúde.

Sprout allows you to make investments as low as a dollar without the need for minimum account value and without fees in more than 4,000 US stocks, funds and ETFs. it also functions as a social network through which users can exchange ideas about investments, connect with profiles of interest and interact with specific groups.

The startup was founded by Ruben Guerrero and Tyler Richie in February 2021.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.
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