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Stake Completes $90 Million Funding Round

Stake announces the completion of a $90 million Series-A funding round — boosting its mission to break barriers for ambitious investors.

SYDNEY, 3 MAY 2022 — Stake, the investment platform that breaks barriers for ambitious investors, has today announced the completion of a $90 million funding round, as it embarks on its next phase of growth.

“In an environment where many online brokers are facing headwinds, Stake has continued to go from strength to strength. The growth in our customer numbers and asset base continue to outpace last year and we’re blown away, given it has been a much tougher macro environment. This is a vote of confidence from both customers and investors in what we have delivered and what we are building towards.” says Stake Founder and CEO Matt Leibowitz.

Having announced an initial $40 million Series A funding round in May 2021, the Series A extension announced today equips Stake with an additional $50 million to execute on its mission to break barriers for the modern investor — and culminates in the largest-ever Series A fundraising for an Australian fintech at $90 million. The Series A included renowned investors Tiger Global and DST Global Partners.

“This funding allows us to further deliver on our mission to provide unrivaled access for current and next generation investors. We continue to receive interest from other global investors as they see the impact Stake continues to make in the market.” Leibowitz added.

Founded by Matt Leibowitz and Dan Silver in Sydney in 2017, Stake pioneered $0 brokerage for U.S. stocks in Australia. In late 2021 it launched a market leading ASX platform with $3 CHESS-sponsored trades.

“We're excited to be part of what Stake is building and to support the company in the next phase of its journey. From day one, we’ve been impressed with the team’s focus on better customer outcomes and the innovative ways they connect their customers to the markets.” said Alex Cook, Partner, Tiger Global.


About Stake

Since its launch in 2017, Stake has amassed over 500,000 customers, and more than $2 billion in funds under administration. This has been achieved by spearheading U.S. trading with Australia's first commission-free model, plus the $3 CHESS-sponsored trading for ASX shares. For more information visit

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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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