With fintech developments undergoing significant digital disruption, Stockpot, a recent entrant in the sector, has emerged as a platform that is dis-intermediating the trading process.
The firm was launched in April 2013, operating on the premise that the end consumer is faced with high transaction costs and information asymmetry in financial services sector. “The financial services sectors takes advantage of people outside the industry, overcharging them for advice, fund management, trade executions and other charges. It’s a big operation to bring costs down for the end consumer. The costs are so high that many people don’t invest,” says Christopher Brycki, founder and CEO of Stockspot, in an interview to DEALSTREETASIA.