dub, a US-based copy-trading platform using an innovative model, recently raised $17 million in funding. During this funding round, venture capital firms, jointly with private investors, including Uber CEO and Co-Founder of Robinhood, came in to provide monetary resources.
What does dub do?
dub allows all investors to create portfolios similar to those of prominent investment managers, famed hedge funds, and even elected officials using just a single tap. Democratizing investment practices gives ordinary people a chance to join the strategies exclusive to institutional investors.
Operations of dub fall under the regulatory oversight of the Securities and Exchange Commission and are registered with FINRA. The trading platform interlinked with the broker-dealer implements the copy-trading option, keeping up with the dynamic investment pattern of today’s investors.
Statement of CEO of dub
“A decade from now, we’ll pick people to invest in instead of stocks. It’s already how my generation is investing, with the rise of social media and commission-free investing. With dub, we’re building the creator economy for finance.” — Steven Wang
$17 Million Funding for better trading services
The dub platform, propelled by a creator economy on social media, provides users with various investment philosophies and strategies. The App allows investors to replicate portfolios and also share their own for replication, forming an investor-driven community to support a community-driven investment approach.
The recent $17 million in funding has given Dub precedence for the advanced platform development. Bolstered by a top-caliber leadership team with rich experience from respected institutions, dub aims to create a progressive retail investing model that gives individuals exclusive access to myriad investing strategies.