Flahmingo is an investment app for retail investors to begin investing commission-free using fractional shares starting at $1.
Business Model: B2C Non-Profit
Revenue: $0
Employees: 11-50
Address: 700 2nd Street SW
City: Calgary
State: alberta
Zip: T2P 2W2
Country: CA
Saving and investing are not intuitive financial skills for the majority of Canadians. Many Canadians believe investing is only for the rich or that it requires significant capital to start. However, the &s;next generation&s; of investors is changing this narrative by learning by doing and investing early. These new investors are being more than just conscious of their financial return by also seeking a social return, by investing in brands they know and love, trust, and whose vision they support. Flahmingo is a native mobile application that allows DIY investors to begin investing with as little as $5. Using our proprietary Pies and Slices technology, Flahmingo enables users to build a portfolio of their favourite companies and exchange traded funds (ETFs). Using scheduled deposits and automagic round ups (both investment automation strategies), users seamlessly grow and maintain a diversified portfolio through the purchase and sale of fractional shares&s;. These fractional shares allow Flahmingo users to own as little as $1 in companies like Tesla, Alphabet, Amazon and even Berkshire Hathaway.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 9/2021 | Pre-Seed | $1.5M |
Open People Network |
10/2021 | Pre Seed Round | 4 | $1.5M |
Austin Hankwitz Hanif Joshaghani Kevin Sandhu Open People Network Austin Hankwitz Hanif Joshaghani Kevin Sandhu Open People Network |
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