Public

Public

Offers high-yield cash accounts and investment services

About Public

Simplify's Rating
Why Public is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$403.2M

Headquarters

New York City, New York

Founded

2019

Overview

Public.com provides a high-yield cash account with a 5.1% annual percentage yield (APY), allowing customers to earn interest on their cash. It serves individual investors by offering a platform to buy bonds and equity trades, while sharing 50% of its options trading revenue with customers for transparency. The company uses artificial intelligence to deliver financial data and analysis, helping users make informed investment decisions. Public.com aims to empower individual investors with accessible tools and information.

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Simplify's Take

What believers are saying

  • Public.com raised $135M in Series D, supporting its commission-free trading platform expansion.
  • The platform's high-yield cash account offers a competitive 5.1% APY, attracting cash investors.
  • AI-powered analysis of earnings calls provides users with deeper insights into company performance.

What critics are saying

  • Increased competition from fintech platforms may dilute Public.com's market share.
  • Volatility in cryptocurrency markets could affect user trust in Public.com's crypto services.
  • Rising interest rates may challenge the attractiveness of Public.com's high-yield cash account.

What makes Public unique

  • Public.com offers fractional ownership across diverse assets, including stocks, crypto, and collectibles.
  • The platform provides AI-driven data analytics for personalized investment insights and recommendations.
  • Public.com shares 50% of its options revenue with customers, ensuring transparency and trust.

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Funding

Total Funding

$403.2M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$105M
Public

Benefits

Health, dental, & vision

Parental leave

Sick leave

401k with 4% match

Gym memberships

FSA & HSA

Reproductive care

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
CoinFactiva
Dec 13th, 2024
Public.com raises $135M in Series D

Public.com raised $135M in a Series D round led by Accel, supporting its commission-free trading platform. Other notable funding includes Spexi's $11.5M for drone imaging, Interlace's $10M for enterprise treasury solutions, and Union Labs' $12M for cross-chain bridging. Early-stage startups like Sekai, Earos, and Scrypted also secured funding, highlighting ongoing innovation in fintech, AI, and blockchain sectors.

Decrypt
Dec 6th, 2024
Ultra-Rare Pokémon Card Valued At $250K Going On Auction Via Ethereum Network Polygon

A pristine, first-edition Holographic Charizard Pokémon card from 1999 is going up for auction Friday, tokenized via Ethereum scaling network Polygon and auctioned by collectibles platform Courtyard.Polygon Labs and Courtyard have teamed up to tokenize the PSA 10-graded card, securely stored in a Brink's vault, with an estimated value of $250,000. The 30-day online auction aims to demonstrate blockchain's potential in the collectibles market, the companies said."This auction isn't just about a Charizard card; it's about showing how blockchain can revolutionize the collectibles world," said Polygon Labs CEO Marc Boiron, in a statement. "From traditional collectors to DeFi enthusiasts, we're inviting everyone to experience the benefits of on-chain ownership."The Pokémon card going up for auction. Image: Polygon Labs/CourtyardThe digital platform enables the sale of physical items (like cards) via blockchain tokens, or NFTs, with features including secure storage, high-resolution 3D models, and instant global trading. Collectors can access an immutable ownership record and trade without physical shipping complications. Owners who want to have the physical card in hand can have it shipped to them from the vault at any point.According to a Polygon Labs representative, the company “purchased the card directly from a reputable seller in the trading card space.” Similar cards have been sold for prices between $264,000 and nearly $400,000 since 2020, per data from Public.com."Tokenization is changing the game for collectibles,” said Courtyard CEO Nicolas le Jeune, in a statement

LeapRate
Dec 3rd, 2024
Investing Platform Public.com Secures $135m in Latest Funding Round

Investing platform Public.com revealed Monday that it has secured $135 million in its latest funding round, comprising $105 million in equity and $30 million in debt.

Desk3
Dec 2nd, 2024
Crypto Trading-Supporting Investment Platform Public Completes $135 million D-2 Funding Round

Public, an investment platform, has raised $135 million in D-2 rounds through equity and debt financing, including $105 million in equity financing and $30 million in debt financing.

Finsmes
Dec 2nd, 2024
Public Raises $135M in Series D-2 Funding

Public, a NYC-based multi-asset investing company, raised $135m in Series D-2 funding

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