Zecco got $25 million in new VCs funding

What Company is Offering:
Zecco which offers users a financial community and is widely known for providing access to free stock trading through its wholly owned subsidiary.At Zecco we've gone ahead and reconstructed the mold on traditional web brokerages, making it easier than ever for you to get smart and act smart with your money. Think of us as a full package upgrade to the typical online investment routine.


How Much They Got from VCs:
Zecco Trading, Inc., announced today that it has got $25 million in new funding from a number of current and new investors.
With the close of the latest round, the total capital raised by Zecco is over $35 million.Zecco Trading took the brokerage industry by storm last October by offering access to free stock trading. One year later, Zecco Holdings launched ZeccoShare, a revolutionary investing community available through zecco.com.

How It Works:

ZeccoShare users can share verified portfolios and trades, see each other’s actual performance (available as of next week), and create specific groups with other like-minded investors (such as “socially responsible investing”, “women on investing”, or “value investing”). This gives member unprecedented transparency as they participate in discussion forums, blogs, chat and more. ZeccoShare users can expect additional exciting enhancements in the coming months, including new community-based filters that highlight the collective intelligence of the ZeccoShare open and transparent user base.You can also make up to 10 free stock trades every month as long as you maintain a $2,500 minimum account balance, and after that you only pay a paltry $4.50 per trade.

How They Are Progressing:

"We are aggressively hiring and training new customer service associates to support our rapidly growing customer base,” said Frank O’Connor, Director of Brokerage Products at Zecco Trading and former COO of Brown Co. “And our options analytics and trading capabilities are set to leap frog most of the other major brokerages in the coming weeks. So not only will our customers have the lowest commission pricing in the industry (free), they’ll have some of the best trading functionality too.
More at:http://www.zecco.com/