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Shares Becomes First Fintech to Receive EU Stock Trading Licence and Crypto Registration in France

Shares, the social trading app making investing accessible to all, has become the first fintech to receive both Crypto registration (PSAN) and a Stock trading licence as an investment company (PSI – Entreprise d’Investissement). These authorisations were issued by the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) respectively.

Shares will soon arrive to the EU market as its first social trading app, providing its members with a new platform to invest in stocks, exchange-traded funds (ETFs) and cryptocurrencies.

Already active in the UK, with over 150,000 members joining in one year, Shares is a mobile investing app that democratises investing through the power of its community. Members can share information and learn from other investors, enabling them to feel more confident building their investment portfolios.

Shares is dedicated to reducing the barriers to entry for investing. On the app, its members can invest in shares of listed companies from 2€, buy cryptocurrencies, and track the activity, portfolios and performance of other members in real time.

Members can also choose to subscribe to the communities of more experienced investors, called ‘Premium Investors’, selected by the platform. These investors are dedicated to educating and supporting their subscribers.

The Shares app will be available to its first members by invitation only from July onwards.

Benjamin Chemla, CEO and co-founder of Shares, states:

“We are very pleased to receive these authorisations: PSAN registration for cryptocurrencies, and PSI licence for trading in stocks and ETFs. This is the reward of an extremely rigorous team effort, of which we are extremely proud. Shares is now regulated by the French regulator and this marks a decisive step in our journey, and allows us to announce our EU launch in July by invitation to our first members. Shares is the expression of a conviction we hold dearest to our hearts: to make investing accessible to as many people as possible”

About Shares

Founded in 2021, Shares is a neo-broker offering a mobile app, which enables its members to invest in financial products such as stocks, ETFs and cryptocurrencies and to trade and track other users’ activities and investments. Since its inception, Shares has raised three rounds of funding totalling $90 million from Valar Ventures, the fund of PayPal founder Peter Thiel alongside Singular, Global Founders Capital and Red Sea Ventures to accelerate its development in the UK and Europe. Later in the year, the two Williams sisters joined the venture as brand ambassadors. The company now employs 150 people in France, the UK and Poland. Already active in the UK, in June 2023 Shares became the first French neobroker to receive PSI and PSAN authorisations, issued respectively by the Autorité des Marchés Financiers and the Autorité de Contrôle Prudentiel et de Régulation.

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Author KFI

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