Zecco Secures Additional $25 Million in Financing

Banking, finance, and taxes

Published: November 13, 2007 9:59 am

Last Updated: March 26, 2020 11:38 am

Zecco Holdings (zecco.com) announced this morning that it has secured an additional $25 million in new funding from a number of current and new investors, bringing the total capital raised by Zecco to up over $35 million to date.

Zecco was the first to launch an ad-supported stock trading model with the goal of ultimately offering the lowest commission rates in the online investing and trading industry. Zecco offers users a financial community and is mostly known for providing access to free stock trading.

Jeroen Veth, CEO of Zecco, said in the press release, “…With the additional funding, we anticipate our current capital is sufficient to carry us to profitability.” That will be more than impressive if the model pays off this fast, and the company will have defied what many said didn’t seem viable from the start. We’re still curious as to when it will come public.

Zecco is a model we have been watching and monitoring since before its launch. It’s also a client of 24/7 Wall St.

Jon C. Ogg
November 13, 2007

Watch for similar news and anlysis in the 24/7 Wall St.subscriber-based "Old Media/New Media" Newsletter.

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