Masterworks Valuation, Funding & Investors

Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.

UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.

INDmoney is an Indian mobile application for investing in U.S. stocks, mutual funds, and digital savings accounts. Its Super Saver feature provides high-interest banking options, helping users manage portfolios and plan finances through a seamless app interface.

Wealthfront Corp is a technology company that built a financial solutions platform for digital natives. Its platform is designed to address the needs of the wealth builders within these generations.

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in trading local and overseas equities, futures, and options products. The Company generates brokerage commission income by enabling its customers to trade on multiple exchanges present globally. The company operates in only one segment which is the futures brokerage service.

Acorns is an Irvine-headquartered micro-investing platform that rounds up everyday debit card purchases to invest spare change into diversified exchange-traded fund portfolios. Asset managers such as Vanguard and BlackRock supply the underlying low-cost index funds tracking S&P 500 and total stock market benchmarks. The app also features automated recurring investments, retirement accounts, and banking services with FDIC-insured checking. Launched in 2012, Acorns serves customers throughout the United States.

Matsui Securities Co Ltd is a Japanese online securities broker that provides services and a trading platform for retail investors. The company's main business is stock brokerage targeting individual investors, and provide online securities trading services. Specifically, it provides services such as commissioned trading of stocks and futures/options, underwriting, offering and selling, sales of investment trusts, and FX (foreign exchange margin trading). Since it has a single segment of online securities trading services, and have omitted the description of each segment. In addition, it has omitted the description of affiliated companies as those are of little importance.

Etoro Group Ltd is a multi-asset platform supporting trading and investing in equities, cryptoassets, commodities, currencies, and options traded either as an asset or as a derivative related to different underlying asset types. The Group is engaged in one operating segment of trading activity.

Compagnie Financiere Tradition SA is a Switzerland-based interdealer broking firm. It acts as a marketplace and an intermediary and facilitates transactions between financial institutions and other professional traders in the capital markets. Its Financial and non-financial products include bonds, interest rates, index futures, currency and credit derivatives, equities, precious metals, energy and environmental products and others. Its geographical segments are Europe, Middle East and Africa; Americas and Asia-Pacific.

CMC Markets PLC is a United Kingdom-based company that provides an online platform for trading and investing, with a comprehensive retail, professional, and institutional offering. The Group’s business consists of two segments, Trading and Investing. The majority of its revenue is generated from the Trading segment, whose core business involves online trading, enabling clients to trade a broad array of financial instruments for short-term investment and hedging purposes. Additionally, the trading segment includes the Treasury Management and Capital Markets Division that invests surplus liquidity to enhance yield. The Investing segment supports clients’ longer-term investment goals. The group offers online stockbroking services in Australia, the UK, the USA, and Singapore.

TP ICAP GROUP PLC provides broking professional intermediary services to match buyers and sellers of different financial, energy, and commodities products. Its role includes creating liquidity and price discovery in markets and providing insight and context to the clients. The company provides proprietary over-the-counter ('OTC') pricing information in the world with the data on financial, energy, and commodities products. Its clients include banks, insurance companies, pension funds, asset managers, hedge funds, central banks, energy producers and refiners, risk and compliance managers, and charities. The company's segments include Global Broking which generates key revenue, Energy & Commodities, Liquidnet, Parameta Solutions, and Corporate.

Bourse Direct is engaged in providing Internet stock brokerage services in France. The company offers a platform of services, tools, and financial products, including French and foreign equities, derivatives, trackers, warrants, certificates, turbos, mutual funds, UCITS, and CFDs, as well as tax exemption, real estate, and life insurance products.

Plus500 Ltd is an online provider of Contracts for Difference (CFDs). The company has developed and operates an online trading platform for retail customers to trade CFDs internationally, financial instruments comprising equities, indices, commodities, options, exchange-traded funds (ETFs), and foreign exchange. The trading platform is accessible from multiple operating systems including Windows, smartphones: iOS, Android, and Windows Phone, tablets: iOS, Android, and Surface, and web browsers. The group is engaged in three operating sectors: CFD trading; share dealing; and futures and options on futures. Geographically, European Economic Area, United Kingdom, Australia, and Rest of the World, of which it derives maximum revenue from European Economic Area.

Flatexdegiro SE is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than 1 million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are Financial Services and Technologies.

smallcase is a Bengaluru-headquartered investment platform enabling users to invest in curated portfolios of Indian stocks and ETFs themed around sectors like technology, banking, and sustainability. Launched in 2015 by Zerodha and FundsIndia, the platform hosts over 200 smallcases created by SEBI-registered managers, allowing one-click purchases starting from INR 7,000 with direct brokerage integration. It serves more than 1 million users through mobile and web apps focused on diversified, rule-based investing.

Directa Sim SpA is an online brokerage firm that allows private investors to operate directly on financial markets. The financial products of the company include Stocks, Bonds, Futures, Funds, Options, and Certificates & CW, among others.