The startup permits customers to put money into shares, ETFs and derivatives, paying simply €1 in charges; greater than 150,000 clients have opened accounts since its launch final yr. The funds might be used so as to add extra merchandise to its app and launch its buying and selling operations in Austria, with an eye fixed to develop additional into Europe within the subsequent few years.
Shares have been on a rollercoaster as COVID-19 has unfold. The uncertainty has precipitated volatility to spike in excellent news for buying and selling firms. Coronavirus can also be anticipated to drive development for some fintech companies, as customers flip to digital-only monetary companies in an age of social distancing.