UAE-based Fintech firm InvestSky has launched a social investing platform with assistance from Alpaca.
InvestSky is a social investing platform that “offers a new generation of investors the opportunity to embark on trading stocks in a more inclusive, intuitive, and informed way.”
InvestSky was established in 2021 by Nitish Mittal and Turki Alshaikh in order “to help remove the challenges and hurdles of investing for non-professionals and make the process as seamless as possible.”
They planned “to achieve this by launching InvestSky to empower non-professional investors to make sound investment decisions by leveraging socially connected tools with a collaborative and community-driven approach.”
The platform allows users “to buy fractional stocks starting from $1 on a commission-free basis and provides a social community ecosystem for them to collaborate.”
InvestSky, headquartered in Dubai, UAE, is “on a mission to launch MENA’s first social investing platform by providing intelligent and simplified access to the global stock market to underserved retail investors in core and frontier markets across the region.”
The company aims “to expand to the entire Gulf Cooperation Council (GCC) region while continually enhancing the platform’s regions to enable users to access the tools and information they need.”
InvestSky’s Key Features
- Trade over 5000+ US stocks and ETFs starting from $1 on a commission-free basis with no hidden fees.
- Build a portfolio, craft watchlists, and experiment to make your own investment story.
- Unlock advanced tools to gain insights.
- Join a powerful social investor community, exchange ideas, and learn how others invest.
InvestSky notes that it “leverages Alpaca Broker API suite of brokerage, custody, and post-trade solutions to offer seamless onboarding, trading, and investing to retail investors in the UAE.”
InvestSky chose Alpaca “due to its ability to provide an unparalleled brokerage as a service platform.”
As covered, Alpaca is “a developer-first embedded financial technologies platform that’s raised over $100m in funding.”
Alpaca reportedly “offers crypto and stock trading, real-time market data, and end-to-end brokerage infrastructure through modern APIs.”
Alpaca is “backed by top investors in the industry globally, including Portage Ventures, Spark Capital, Social Leverage, Tribe Capital, Horizons Ventures, Unbound, Eldridge, Positive Sum, Elefund, and Y Combinator.”
Built with developers in mind, their modern API “makes it easy for businesses to embed stock trading into their fintech app.”
