Staax (Seed)
Funding Details
- Awarder
- WeFunder
- Date Award
- April 01, 2023
- Vertical
- Fintech and Finance
- Funding URL
- View Funding Page
- Funding Amount:
- $97,100,000,000
Company Info
- Founding Year
- 2021
- Traction
- Staax has attracted over 12,000 people on their waitlist since opening in Fall 2021. The platform has a strong presence on social media platforms like Instagram and TikTok, with partner accounts totaling over 4 million followers. Staax has been featured in publications like Business Insider, TechCrunch, and Benzinga, and was accepted into TechCrunch Disrupt in October.
- Founders
- Nikki Varanasi, Lucy Yang, Victoria Yang
- Company Description
- Staax enables peer-to-peer payments via fractional shares of stock. Users can send as little as $1 of stock with no fees, no paperwork, and no tax implications for the sender. The platform allows users to pay or request people in their favorite stocks, turning disposable income into wealth-generating assets. Staax fosters a social community around investing, allowing users to engage in conversations and access their friends' trades and portfolio favorites.
- Market
- Peer-to-peer payments via fractional shares of stock
- Location
- San Francisco, CA, US
- Coinvestors
- Techstars, Western Union, Litquidity, Hustle Fund, Plug & Play, Harlem Capital, Lightspeed