A fintech company has recently obtained approval from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer in the United States, marking its first foray into the American market. This approval signifies a significant expansion of the company’s services beyond its European base.
With the newly granted license, the company plans to provide American users with access to various financial instruments, including US stocks, mutual funds, and exchange-traded funds (ETFs). The focus will be on catering to individuals who prefer self-directed investing via mobile applications.
The founder of the fintech firm highlighted that its users often traverse the globe for work, living, and travel, making the US a crucial part of many customers’ lives. This expansion is anticipated to enhance convenience for both Americans and expatriates residing in the United States.
As part of its broader strategy to diversify its offerings, the company recently celebrated its tenth anniversary, during which it revealed a milestone of reaching 20 million users throughout Europe. To further improve user experience, a redesigned application was unveiled at a promotional event, which simplifies access to banking, investment, and cryptocurrency services. The new interface is designed to enable more efficient management of accounts, savings, payment cards, and trading options.
In addition to expanding into the US market, the firm has also introduced flexible cryptocurrency staking across the European Union through a partnership with a major cryptocurrency exchange. This service allows users to earn up to 10% annually on selected cryptocurrencies without the need for mandatory lock-up periods. The ability to stake cryptocurrencies is available across multiple EU countries, giving users the flexibility to maintain control over their assets, including the options to buy, sell, or withdraw at any time.
This combination of services reflecting both traditional and modern investment approaches is aimed at fostering a more comprehensive financial ecosystem for users.