Investing

4/950 → 18/1297; +0.97 percentage points of formation share.

The most telling shift inside this formation is geographic and demographic rather than technological: retail investing access is being rebuilt market by market for people the incumbents never served, from Infina and Anfin doing for Vietnamese retail investors what Groww did in India, to Weltio building USD brokerage rails for Mexico and Latin America, to Amal Invest solving Shariah-compliance screening for Muslim investors and Female Invest building financial literacy specifically for women. That pattern of localization sits alongside a second, newer cluster that has nothing to do with retail investors at all: Metal, No Cap, and FactIQ are building infrastructure and AI agents for the people who raise and deploy venture capital, treating deal data, founder pitches, and financial research as the asset to be automated rather than stocks or ETFs. This split explains why the formation's 3.30x growth sits close to Investment Platforms (3.22x) but trails Neobank at 4.31x, since much of what looks like "investing" here is really banking-adjacent infrastructure, like Wallbit and Levo, wrapped around an investment feature rather than a trading product at its core. It also helps explain the contrast with Crypto/Web3, growing at a mere 0.24x, since founders building in 2021 to 2023 were clearly reallocating attention away from speculative crypto rails and toward regulated, localized brokerage and treasury tools instead. None of this urgency existed in the same form before large language models became broadly usable after late 2022, which is precisely when tools like FactIQ and No Cap start treating investment research and founder coaching as something an AI agent can do directly rather than something a platform merely displays.

No comparable outside activity is connected yet.