PANews reported on December 3 that the multi-asset investment platform Public announced the completion of a $135 million D-2 round of financing, of which $105 million was equity financing and $30 million was debt financing, led by Accel. Since its launch in 2019, Public has grown from a "social stock trading app" to a comprehensive investment platform that supports five major asset classes (including cryptocurrencies), with its core brokerage business profitable and deposits reaching billions of dollars per year. Its AI assistant Alpha is used by more than 90% of users, facilitating a quarter of interactions to complete transactions within 3 hours, and the average user profit has increased for three consecutive years. The company plans to expand to more asset classes and AI functions.
Multi-asset investment platform Public completes $135 million D-2 round of financing, led by Accel
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