Superhero, the brainchild of cofounders John Winters and Wayne Baskin, has been making waves in the fintech world. Recently, this superannuation and share trading platform secured a staggering $11 million in fresh capital. The injection of funds led to an impressive 20% increase in its valuation, reaching a remarkable $22.5 million surge in just three months.
This financial boost comes on the heels of a previous $3 million raise back in February when the company was valued at $125.5 million. Now, with this latest investment round, Superhero has amassed around $70 million in external capital and stands tall with a post-money evaluation of $150 million.
The list of backers for Superhero is as impressive as its growth trajectory. With previous investments from major players like Perennial Value Management, Regal Funds Management, Ophir Asset Management, Alex Waislitz’s Thorney Investment Group, Nick Molnar from Afterpay, Larry Diamond from Zip, and Fred Schebesta from Finder, it’s clear that industry heavyweights see immense potential in this fintech gem.
“Securing significant funding not only validates our business model but also propels us towards our goal of revolutionizing the investment landscape,”
remarked John Winters after the successful fundraising round.
Founded back in 2018 by John Winters and Wayne Baskin, Superhero made its mark with the launch of its ASX trading platform in September 2020. The introduction of Superhero Super followed suit in July 2021—a move that further solidified its presence as a game-changer within the industry.
In mid-2022 came an ambitious plan to merge with cryptocurrency exchange Swyftx—an endeavor that aimed to create a startup powerhouse valued at an impressive $1.5 billion. However, dreams of unicorn status were short-lived as Swyftx faced challenges stemming from issues surrounding US crypto exchange FTX’s collapse and allegations of money laundering—a setback that forced them to reevaluate their merger plans.
Reflecting on this rollercoaster journey filled with highs and lows for both companies involved serves as a poignant reminder that success in the volatile world of fintech is never guaranteed.
With aspirations to enhance their offerings further through cutting-edge investment advice tools powered by this recent cash infusion,
Superhero remains steadfastly committed to reshaping how individuals engage with investing—proving that even superheroes need strong financial backing to conquer new frontiers.
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