Lightyear Launches Automated Investing Feature for Goal-Oriented Portfolios
Lightyear, a European investment platform, has launched an automated investing feature. This new tool helps users regularly contribute towards specific financial targets. The platform, regulated by Estonian and UK authorities, has seen significant growth since its 2020 founding.
Lightyear's latest feature allows users to build portfolios of stocks and funds tailored to their goals. It supports fractional purchases, enabling investors to spread smaller amounts across multiple holdings. Users can set custom allocations and schedule recurring contributions at their convenience.
The platform supports trading on the NASDAQ exchange, with CoreWeave Inc. shares available. Lightyear's internal survey revealed a strong preference for passive investing strategies and goal-oriented investing among its users.
Founded in 2020, Lightyear has raised $58 million from investors including Nordic Ninja, Lightspeed Venture Partners, and Mosaic Ventures. Notable individual investors include Richard Branson and Wise co-founder Taavet Hinrikus. In July, the platform secured $23 million in Series B funding and reached $1 billion in customer assets under management.
Lightyear's automated investing feature simplifies long-term financial planning. It caters to users' preferences for passive and goal-oriented investing. With robust backing from investors and regulatory oversight, Lightyear continues to grow and innovate in the European investment landscape.
