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Ex-TransferWise duo launch new investment platform, announce $1.5M funding backed by co-founder of Skype

lightyear

Whilst the investment sector had definitely grown in recent years, experts believe it still isn’t solving the fundamental problems, including high fees, hidden costs and the complicated nature of the products.

Founded by an ex-TransferWise duo with a team of former Revolut, Robinhood & Pipedrive employees — London and Tallinn-based fintech Lightyear is a new investment platform for Europe boasting itself as commission-free platform, backed by some big names in the fintech industry.

$1.5M seed funding

The British startup has just announced a $1.5M pre-seed funding round, where the investment was led by Taavet Hinrikus, co-founder of Wise and Sten Tamkivi, co-founder of Teleport as the first portfolio investment of their recently formalised partnership to invest in early-stage European businesses, alongside another lead investor Jaan Tallinn (Metaplanet), the co-founder of Skype. The round also welcomed a cohort of prominent angel investors and industry experts including Ott Kaukver, the CTO at checkout.com, Wander Rutgers, the former President of Robinhood UK and Kaarel Kotkas, the founder of Veriff....