Dabbl
Dabbl: See the world through the eyes of an investor..
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
| N/A | £560k | Seed | |
| Total Funding | 000k | ||
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Dabbl Group Limited, founded in 2014 by Mark Ackred and Martin Slaney, operated as a London-based fintech company aiming to simplify stock market investing for casual investors in the United Kingdom. The founders, both veterans of the City's spread-betting industry with experience at firms like CMC Markets and City Index, identified a gap in the market for an accessible, jargon-free investment platform. Their shared background in financial markets fueled their mission to create an app that would demystify share-buying for a generation put off by the complexity of traditional brokerage platforms.
The company's core offering was a mobile-first application that allowed users to invest in UK, European, and US-listed companies. A distinctive feature was its image recognition technology, which enabled users to take a photo of a brand's logo to discover and invest in the corresponding publicly-traded parent company. The platform was designed to be intuitive, replacing complex financial charts with simplified 'health scores' to help users assess investment opportunities. Dabbl also aimed to build a community by allowing users to view each other's watchlists. The business model centered on a freemium and subscription structure, offering a set number of commission-free trades per month for a small fee, with additional trades incurring a low, fixed cost. This approach was designed for a high-volume, low-margin business to attract a large user base that was previously priced out of the market.
Dabbl secured over £935,000 in initial funding from high-profile investors, including Sir John Hegarty of advertising agency Bartle Bogle Hegarty (BBH), The Garage Soho, and Bestinvest founder John Spiers. The firm also formed strategic partnerships, notably with BlackRock, to offer Exchange Traded Funds (ETFs) on its platform. Despite its initial premise and backing, Dabbl Group Limited entered liquidation and is now considered a deadpooled company.
Keywords: mobile investing, fintech, stock trading app, retail investment, UK fintech, share dealing, financial technology, Mark Ackred, Martin Slaney, commission-free trading, stock discovery, image recognition investing, app-only stockbroker, London startup, investment platform, ETFs, The Garage Soho, John Spiers, BlackRock partnership, deadpooled company