Business
Aussie trading app Stake rebounds after GameStop frenzy with $40m raising – Sydney Morning Herald
Only a few weeks ago, Australian low-cost online brokerage firm Stake was scrambling to contain outages caused by the GameStop day trading frenzy.
Only a few weeks ago, Australian low-cost online brokerage firm Stake was scrambling to contain outages caused by the extraordinary GameStop day trading frenzy.
Now the high-profile startup is benefiting from a surge in new customers and planning to expand into new markets after securing a $40 million funding injection from prominent offshore investors.
Stake founders (left) Matt Leibowitz and Dan Silver are tapping into demand from younger investors.Credit:Nick Moir
Stake was forced to block customers…
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