What does Alinea Invest do?
Alinea Invest is a US-based fintech startup that provides a mobile investment app featuring fractional investing, crypto trading, and smart recommendations tailored to users' financial goals. The company is a registered investment advisor with the SEC and leverages Drivewealth to power its brokerage accounts, ensuring robust security with bank-level protocols and encryption.
How much did they raise?
The company raised $10.4M in a Series A funding round, led by Play Ventures with participation from investors such as GFR Fund, Y Combinator, Gaingels, FoundersX, F7, and Visible Ventures.
What are their plans for the money?
Alinea Invest aims to use the raised funds to expand its operations and extend its business reach, which could enhance its platform capabilities and attract a larger customer base.
What have they achieved so far?
The startup has already established significant milestones, including SEC registration and a strategic partnership with Drivewealth, establishing its reputation in the fintech space.
