Rubicoin raises €1.2m in funding as Invest app goes global
19 August 2016
Pictured are John Tyrrell and Emmet Savage, Rubicoin co-founders
Irish fintech start-up Rubicoin, which has developed a suite of apps designed to transform anyone into an informed and confident investor, has has raised €1.2 million in funding.
This funding round, which will assist Rubicoin to expand into new markets, was from existing and new private investors, and brings to €3 million the total amount raised to date.
The company also announced that its Invest by Rubicoin app is now available to users around the world. The app was previously only accessible to US customers but now, with a global reach of more than 140 countries, worldwide investing in their cherry picked ‘showroom’ is now possible.
Through its products Rubicoin aims to demystify the stock market, and create a fully accessible experience for would-be investors through a completely mobile-led offering.
Rubicoin was co-founded by Emmet Savage and John Tyrrell in 2013 as they wanted to design a product that would create successful stock investors by making the investing process both engaging and enjoyable.
Supported by a long-standing and fully audited investing track-record, Rubicoin has produced two apps that places user experience front and centre, Learn by Rubicoin and Invest by Rubicoin.
“From the very beginning, our mission has been ‘to get the world investing successfully’. We recently opened up our Invest by Rubicoin app to users across the world which has so far created tens of thousands of new stock investors. Our latest funding round will assist our successful expansion into new markets, which is a very exciting prospect for us,” said John Tyrrell, Rubicoin, co-founder and COO.
“The last year has been a period of rapid growth for Rubicoin. We graduated from NovaUCD to our new offices in Dublin’s Merrion Row with our team more than doubling from 6 to 13 employees. We have also enjoyed a rapid increase in customer uptake, with over 150,000 app downloads in the same period. We are confident that our apps will continue to grow in popularity around the globe,” said Emmet Savage, Rubicoin co-founder and CEO.http://www.engineersjournal.ie/2016/08/19/rubicoin-raises-e1-2m-in-funding-as-invest-app-goes-global/http://www.engineersjournal.ie/wp-content/uploads/2016/08/Rubicoin_Co-founders_2016-1024x682.jpghttp://www.engineersjournal.ie/wp-content/uploads/2016/08/Rubicoin_Co-founders_2016-300x300.jpgNewsfintech,NovaUCD,startups,technology,UCD