Status: Active
Sector: Fintech
Industry: Financial Services, Consumer Finance, Digital Payments
Summary: Bits of Stock is a stock rewards app. It is a consumer rewards platform that increases loyalty through Stock Rewards for partial shares of private and public companies.
Company Overview: Bits of Stock is a fintech startup founded in 2017 that supports its users’ daily spending with stock rewards. The app offers a digital investing and spending experience especially for Generation Z and Millennials. It aims to increase financial literacy and encourage the habit of investing.
Business Model: The company earns through commissions from user transactions and partnerships with brands. Users gain stock rewards from specific brands’ purchases.
Product & Services:
● Fractional Trading: Users can trade stocks and ETFs on a commission-free basis.
● Stock Rewards: Users earn stocks every time they shop.
● Round-Ups: Users can invest in stocks with fractions of their spending.
Key People:
- Arash Asady – CEO & Co-Founder
- Faramarz Farhoodi – CTO & Co-Founder
- John Lee – COO