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INTERNET | Internet Software & Services / Asset & Financial Management & Trading
folio-sec.com

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Founded Year

2015

Stage

Series A - III | Alive

Total Raised

$82.11M

About Folio

FOLIO is an online broker specializing in theme-based investment. The company not only offers an algorithm-based service, which acts as an automated money manager for lower fees and less initial capital than traditional services, but also provides an easy-to use thematic investing platform where users can select investment opportunities from a variety of trends and technologies.

Folio Headquarter Location

Kyodo Building Ichibancho 4F 16-1 Ichibanchō, Chiyoda-ku

Tokyo, 102-0082,

Japan

+81-3-6261-5152

Latest Folio News

Interactive Brokers Acquires 70,000 Retail Accounts from Folio

Dec 4, 2020

Interactive Brokers Group, Inc. (NASDAQ: IBKR) has agreed to purchase self-directed retail brokerage segment from online custodian Folio Investing in a push to expand its reach to Main Street investors. The deal, which is not subject to regulatory approval, is expected to close in January 2021. Interactive Brokers CEO Milan Galik said the planned acquisition would help scale up investment products available to Folio clients, particularly in the no-commission trading and fractional shares space. Both Interactive Brokers and Folio Investments declined to comment on the price of the acquisition, but companies are typically required to disclose the price paid only if the acquisition deal worth more than $500 million. While terms of the purchase were not disclosed, the addition of Folio Investing’s retail business will expand IBKR’s books by nearly 70,000 client accounts and $3 billion in client equity, it stated. Interactive Brokers reported 2.29 million daily average revenue trades, or DARTS, and 1.037 million active accounts in November 2020. Suggested articles Changing the Face of AML with Self Service Analytics Go to article >> The news comes barely two months after Goldman Sachs acquired Folio Financial for an undisclosed amount of money. The global bank will retain Folio’s wealth management and custodial division business, which has $11 billion in assets under custody for registered investment advisers. A consolidation wave in brokerage space continues In a letter informing customers of the sale on Friday, Folio said: “At this time, we’ve decided to focus on our core business of supporting investment advisors with technology, custodial, brokerage and other services. This means we will no longer provide our services to self-directed investors. Interactive Brokers will provide you with features and products not currently available through Folio, such as the ability to trade options and access international securities markets. Like us, Interactive Brokers is a member of FINRA and SIPC.” Interactive Brokers’ latest takeover comes amid a swirl of M&A within the industry. Speculation surrounding a possible deal started earlier this year when IBKR founder Thomas Peterffy said his company had considered buying E-trade but decided to pass because it was a risky bet. Morgan Stanley acquired E-Trade for $13 billion , and Charles Schwab bought rival  TD Ameritrade in an all-stock $26 billion deal, the latest in a consolidation wave for the brokerage industry that collectively lowered trading fees to zero. “Interactive Brokers has long been recognized for its advanced technology, superior pricing, and breadth of product. With the transition to our firm, Folio Investments’ former clients now will be able to invest in stocks, options, futures, currencies, bonds and funds worldwide from a single, integrated account,” said Interactive Brokers CEO Milan Galik. Share this article

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Folio

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Folio in 5 CB Insights research briefs, most recently on May 4, 2021.

Expert Collections containing Folio

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Folio is included in 5 Expert Collections, including Wealth Tech.

W

Wealth Tech

991 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Fintech 250

248 items

C

Capital Markets Tech

1,300 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

F

Fintech

10,749 items

Excludes US-based companies

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