Amazon leads Smallcase's $40 million Series C 🔥

Amazon leads Smallcase's $40 million Series C 🔥

Thematic investing platform Smallcase, which lets folks invest in baskets of stocks based on simple ideas, raised a $40 million Series C from Amazon, as well as Faering Capital and other existing investors.

Amazon’s play into investment management raised more than a few eyebrows, but we’re guessing it has something to do with Smallcase’s audacious foray into becoming an infrastructure service provider for investment advisors and other financial services platforms, building an AWS-like service for Indian investing services.

Regardless, the stats look brilliant — with 3 million+ end customers, buying stonks of over $2.5 billion yearly!