Silo Markets, a new platform that lets customers earn points on their stocks, ETFs, and bonds, has secured $2.5M in Seed funding. The capital infusion comes as the company aims to shift the paradigm from traditional financial institutions profiting off investments to an environment focused on long-term income growth for users.
Maveron and Verdict Capital led the Seed round for Silo, which offers investments in stocks, ETFs, corporate bonds, and government bonds through its iOS and web platforms. The company positions itself as the first to offer such a points-based system for investment portfolios.
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