Stockpile Acquires Technology Assets of Investables, a Leading Alternative Investment Platform for High-End Collectibles
Company Continues Momentum with Initial Funding for the Stockpile Foundation and the Addition of Several New Senior Hires and Advisors
SAN FRANCISCO–(BUSINESS WIRE)–Stockpile, the financial learning platform for kids and parents, has acquired the talent, technology, and IP of Investables, an alternative investing platform. Providing customers with access to the alternative investing expertise of Investables, along with existing access to securities markets available through Stockpile Investments, further expands the array of investing – and learning – opportunities for Stockpile’s growing customer base of young investors and their parents.
The deal brings Investables’ technology, IP and team, including several key executives, including founders Dmytro Lokshyn, Oleh Shkinder and Victor Shalhinov, under the Stockpile umbrella. Integrating the Investables platform will enable Stockpile to begin offering alternative assets to its users later this year. The company chose to acquire Investables after noticing strong demand from young investors for the ability to invest in alternative assets.
Stockpile, Inc. CEO Victor Wang stated, “We continue to see a great deal of interest in alternative investments, particularly collectibles such as sneakers, from our investing community and are very excited about the impact that the Investables team and its leading-edge alternative investment platform will bring to Stockpile and our mission to revolutionize financial education for children and families.”
Stockpile research has shown that children are more comfortable investing in things with which they are familiar. And while stocks of companies and brands that kids regularly interact with are an important part of that, physical assets such as Air Jordan 13s, the first issue of the original Amazing Spider-Man comic book or an autographed Patrick Mahomes football, among others, make investing more tangible.
Stockpile is also pleased to announce that the Stockpile Foundation, a charitable non-profit organization dedicated to the financial independence of underserved communities, has received initial funding for its grants and education programming from Adobe and other contributors.
Stockpile has also continued its corporate momentum with the addition of several senior hires with extensive fintech expertise to further build out its C-suite and executive leadership capabilities across operations, product development, marketing and compliance. New additions include President and CEO of Stockpile Investments, Inc. Christopher Mates; Executive Vice President of Product Bobby Rahmanian; and Director of Operations Alvin Ortiz.
“With these new capabilities and talent, Stockpile is ready to further its mission of revolutionizing financial education for the next generation of investors,” said Wang.
To start learning and investing with Stockpile, visit www.stockpile.com.
About Stockpile
Founded in 2010 and headquartered in San Francisco, California, Stockpile, Inc. makes it easier to start investing in the stock market. With the vision for creating equitable and equal access for all, Stockpile is changing the way investments are made with zero fee trading, custodial accounts, gift cards, and fractional investing, and allowing users to own blue-chip stocks without the price tag associated with these stable investments. Stockpile has been featured in Consumer Reports, Forbes, The Wall Street Journal and many other publications. Its app has been downloaded over a million times and has earned a 4.7 rating on the app store.
Disclaimer
Stockpile Investments Inc. (“Stockpile”) is a registered Broker Dealer and wholly owned subsidiary of Stockpile Inc. The information included herein constitutes general information and is not directed to or individually tailored to any particular or potential investor. This report does not constitute an offer to participate in any investment, or a recommendation to buy, hold, or sell securities and should not be used as the sole basis for any investment decision. If you are not the intended recipient, be aware that any review, dissemination, disclosure, copying, distribution, or use of the contents of this message, including attachments, is strictly prohibited. If you have received this transmission in error, please notify us immediately by telephone and/or reply email and permanently delete or destroy all copies of the original message, including any attachments. For more information, please see our website: https://www.stockpile.com.
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