Fondee obtains securities dealer licence

Published: 22.07.2021 Related countries:  Singapore Singapore

Fondee obtains securities dealer licence

Startup Fondee has received a securities trader license from the Czech National Bank (CNB). The company focuses on online investing. The company offers seven model portfolios, which combine stocks and bonds of different focuses. Fondee brokers clients' accounts with a broker and takes care of all orders and portfolio maintenance. As ČIANEWS reported, J&T Bank entered the startup in late 2020 as a strategic investor. It provided the amount of CZK 10m for the growth of the online investment tool. (Source: ČIA News, www.cianews/en.cz)