JOHN WINTERS AND WAYNE BASKIN’s new Startup, Superhero, has raised $8 million from Zip shareholders Larry Diamond, Garen Azoyan and Philip Crutchfield; Afterpay founder Nick Molnar and Leon Zweir, a senior partner at law firm Arnold Block Leibler.
Relationships and who you know is so important when raising capital for Startups - Trust plays an enormous part!
Winters - previously at Shaw and Partners, helped with Zip’s IPO and Baskin sat on the Afterpay board for a long time.
So what is Superhero
Superhero is likened to Robin Hood in the US -
It has been under wraps for the past 2 and a half years - and intends to disrupt the online investment industry in Australia by making share trading more transparent and accessible, as well as offering a $5 flat fee.
The $5 flat-fee brokerage, which Superhero claims to be "Australia's cheapest", also comes with free Pay ID deposit processing, meaning users can fund their account "in minutes" using their associated Pay ID email address or phone number.
Using Superhero, users can invest in ASX-listed shares, ETFs (exchange-traded funds), listed investment companies and real estate investment trusts (REITs).
On sign-up, users also get a free 30-day trial of 'Superhero Live', which is a premium live trading platform that costs $9 a month, billed annually.
The way people approach financial management is being disrupted. There is a generational, structural shift in the way people invest - and Superhero plans to play a significant part in this disruption!
The key is to build a massive customer base!
Will Superhero be able to leverage on the learnings over the journey of Afterpay and Zip to build massive customer bases?
My view is that this is a Company to watch!
Here is David Winters chatting to Ausbiztv -
https://www.linkedin.com/posts/ausbiztv_a-new-superhero-is-in-town-activity-6708868265302740992-WYxR
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