Vancouver-based fintech Hiive has surpassed $1 billion in transactions on its online marketplace for private company stocks, following its Canadian launch last year. The platform allows accredited investors to buy and sell shares in privately held, VC-backed companies without the need for a broker.
Co-founder Prab Rattan noted this milestone reflects the trust clients have placed in Hiive. With traditional exit paths for VC-backed companies limited, Hiive provides a crucial liquidity solution. The company is now handling more than $100 million in monthly transaction volume and is poised for continued growth.
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