July 25, 2023
Transatlantic success: Celebrating Public's launch in the UK
In the world of financial technology, innovation knows no boundaries, especially when it comes to empowering people's financial lives. That's why Plaid is delighted to congratulate investing platform Public, as they begin their journey to transatlantic growth. As Public's partner in their European expansion, we are delighted to have been part of their seamless launch in the UK market.
Unlocking global expansion
Public's journey began in the United States, where they quickly established themselves as a multi-asset investment platform supporting stocks, ETFs, crypto, alternative assets and most recently, US treasuries. Public makes it easy for members to invest a wide variety of assets and access investing insights from its community of analysts, creators, and more. Public’s mission is to make the public markets work for all people – which includes investors in other markets. Starting in the UK, Public aims to provide UK investors access to invest in over 5,000 US-listed equities, commision-free trading during US market trading hours and fewer FX fees*, and advanced data and insights.
Enter Plaid — Building bridges of opportunity
At Plaid, our mission is to empower people with the tools and infrastructure necessary to create smooth, secure, and accessible financial experiences. Having launched in Europe ourselves in 2019, we knew we could go beyond local product and regulatory support, and provide real, first-hand experience of the ups and downs of going global.
“New markets come with their own sets of opportunities and challenges. From the very beginning of our partnership with Plaid, we felt that we were working with an experienced team that had in-depth knowledge on the UK payments landscape.”
Dann Bibas, GM of International, Public
Public had a clear vision of the user experience they wanted to offer in the UK, and Plaid helped make this a reality. By integrating with Plaid, users can quickly and securely top up their Public account to fund their investments, holdings, and transactions. This experience is completed instantly and in a unified interface. Plaid-friendly API architecture, comprehensive documentation, and relentless security focus ensure Public can confidently provide the best user experience to their new UK customers.
“A frictionless payments experience, and in turn, a positive customer experience is central to Public’s vision of making the public markets for all people. By working closely with Plaid, we’re confident that we will continue to offer newer and better experiences for our members in the UK and the US", explains Bibas.
Navigating regulatory landscapes
Expanding internationally often comes with a different set of regulatory and operational nuances. Working with Public, we supported their team in understanding best practices and how Plaid's different open-banking tools could support Public's use-cases in the UK.
“Public already works with Plaid in the US, and we are delighted to extend our relationship into the UK. We believe that open-banking solutions will only become more common in the UK for investment platforms like Public - that’s why we were so excited to be partnering with Plaid for our UK launch," says Bibas.
If you are also a US business looking to expand to the UK or Europe — let's chat.
Public is an investing platform that allows everyone to invest in stocks, treasuries, ETFs, crypto, and alternative assets, like fine art and collectibles—all in one place. We help people be better investors with access to custom company metrics, live shows about the markets, and insights from a community of millions of investors, creators, and analysts. Learn more at www.public.com.
* For a detailed list of fees you may pay, please visit our Fee Schedule.
This content is not investment advice. When you invest, your capital is at risk. The value of your investments may go up or down. The past performance of a security or financial product does not guarantee future results or returns. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.
‘Public’ is a trading name of Public Investing UK Limited is a company registered in England and Wales with company number 13760183 and is a wholly owned subsidiary of Public Holdings, Inc. Registered office at C/O Browne Jacobson LLP 6 Bevis Marks, Bury Court, London, United Kingdom, EC3A 7BA.Public Investing UK Limited (FRN: 985994) is an appointed representative of Khepri Advisors Limited (FRN: 692447) which is authorized and regulated by the Financial Conduct Authority.
Brokerage services for US-listed, registered securities are offered by Open to the Public Investing, Inc., member FINRA & SIPC. Brokerage services for alternative assets are offered by Dalmore Group, LLC, member FINRA & SIPC. Cryptocurrency trading services are offered by Bakkt Crypto Solutions LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Brokerage services for U.S. Treasuries are offered by Jiko Securities, Inc., member FINRA & SIPC. Banking services are offered by Jiko Bank, a division of Mid-Central National Bank. Securities investments: Not FDIC Insured; No Bank Guarantee; May Lose Value.
See public.com/disclosures for more information.