Zecco Holdings, a company that offers access to free stock trading, has raised $25 million in a new round of funding from a number of current and new investors. This puts Zecco’s total funding at more than $35 million.
“We are extremely pleased with the support from our existing and new investors. This large infusion of capital will allow us to accelerate our already explosive growth, while simultaneously making significant advances in Zecco Trading’s customer service and trading functionality. With the additional funding, we anticipate our current capital is sufficient to carry us to profitability,” said Zecco CEO Jeroen Veth.
Zecco’s model was questioned by some of the media because of its aggressive zero commission trading platform. This model is hyper-competitive against companies like E*Trades and Charles Schwab.
Zecco offers free trading, free blogging, free forums, and a social networking component that allows investors to interact with one another. The social networking arm of Zecco is at Zeccoshare.com.
