{"id":15036,"date":"2021-02-23T10:21:24","date_gmt":"2021-02-23T10:21:24","guid":{"rendered":"http:\/\/egpvc.com\/?p=15036"},"modified":"2021-02-23T10:21:24","modified_gmt":"2021-02-23T10:21:24","slug":"parkside-closes-24-million-series-a-financing","status":"publish","type":"post","link":"https:\/\/www.egpvc.com\/en\/parkside-closes-24-million-series-a-financing\/","title":{"rendered":"Parkside Closes $24 Million Series A Financing"},"content":{"rendered":"

Global fintech leader completes industry\u2019s first system-wide immutable\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0platform for scalable, low-cost cross-border investing<\/em><\/p>\n

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San Francisco, CA<\/strong>: Parkside, a leading global fintech platform providing digital trading and clearing solutions for traditional brokerages and digital bank partners, today announced completion of its $24 million Series A financing. Shanghai, China-based Enlight Growth Partners (\u201cEGP\u201d) led the round including existing investors Mubadala Capital, FinTech Collective and Colle Capital, and new investors Peak6 Investments and Entr\u00e9e Capital. Parkside will continue expanding its technology and brokerage services in support of its 2021 growth plans.<\/p>\n

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\u201cWe\u2019ve built an immutable, low-cost digital platform to unlock access for Millennial and Gen Z investors everywhere,\u201d explains Parkside Founder & CEO Barry Schneider. \u201cOur core principle is all investors deserve best execution. Imagine the simplicity and affordability of investing as little as $1 in any US stock, ETF or ADR and receiving the same best execution as large investors. We\u2019re able to offer this profound value proposition by deploying 40+ proprietary algorithms creating new efficiencies. We level the playing field for small investors.\u201d<\/p>\n

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Perry Chui, Managing Partner for EGP says, \u201cWe\u2019re excited to support a global vision that is both timely and powerful. Parkside has built a modern full-stack platform that empowers traditional brokerages, digital banks and SuperApp partners to offer existing accounts and new middle-class and mass affluent investors, from Asia and around the globe, simplified trading of US stocks with low-costs and no minimums.\u201d<\/p>\n

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\u201cParkside is poised to disrupt and democratize retail investing on a global scale with its immutable, scalable infrastructure,\u201d says Luke Nicklin, Director, Mubadala Ventures. \u201cWe\u2019re excited about Parkside\u2019s technology and low-cost differentiation, and the quality of its leadership team, and we look forward to supporting Parkside\u2019s future growth capital needs,\u201d Nicklin concludes.<\/p>\n

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About Parkside<\/strong><\/p>\n

Parkside is simplifying global access to US stocks through regulatory innovation and modern technology. Parkside is a registered US broker-dealer providing access to US stocks for individuals around the world – starting with Asia. Soon, you can invest globally using your local currency, low fees and no minimums. Learn more at https:\/\/www.parksidesecurities.com\/<\/a>.<\/p>\n

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About Investors<\/strong><\/p>\n

Enlight Growth Partners<\/a><\/p>\n

Mubadala Capital<\/a><\/p>\n

Fintech Collective<\/a><\/p>\n

Colle Capital<\/a><\/p>\n

PEAK6 Investments<\/a><\/p>\n

Entr\u00e9e Capital<\/a><\/p>\n

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Contacts<\/strong><\/p>\n

Blake Schneider<\/p>\n

blake@parkside.app<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Global fintech leader completes industry\u2019s first system-wide immutable\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0platform for scalable, low-cost cross-border investing   San Francisco, CA: Parkside, a leading global fintech platform providing digital trading and clearing solutions for traditional brokerages and digital bank partners, today announced completion of its $24 million Series A financing. Shanghai, China-based Enlight Growth Partners (\u201cEGP\u201d) led the … Continue reading “Parkside Closes $24 Million Series A Financing”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/posts\/15036"}],"collection":[{"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/comments?post=15036"}],"version-history":[{"count":1,"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/posts\/15036\/revisions"}],"predecessor-version":[{"id":15037,"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/posts\/15036\/revisions\/15037"}],"wp:attachment":[{"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/media?parent=15036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/categories?post=15036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.egpvc.com\/en\/wp-json\/wp\/v2\/tags?post=15036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}