Zecco Secures Additional $25 Million in Financing

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By Douglas A. McIntyre Updated Published
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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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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