Recent graduate's fintech start-up goes global, supplying over $100 Million in funding to financial traders within its first year
Recent graduate Nicholas Hall co-founded Stocknet Institute with his business partner Aaron Wright at just 21 years old whilst studying a BA in Business Management at Newcastle University Business School.
15 December 2022
Recent graduate Nicholas (Nick) Hall co-founded Stocknet Institute with his business partner Aaron Wright at just 21 years old whilst studying a BA in Business Management at Newcastle University Business School.
The fintech firm has grown exponentially in its first 9 months of operation, issuing over $100M in funding to global financial market traders out of its Gateshead office in little over eight months.
Providing funding solutions to skilled but under-capitalised traders around the world, Stocknet Institute (also known as Si) is a proprietary trading firm that uses cutting-edge technology to locate and fund skilled traders to manage the firm’s funded accounts. Si issues capital ranging from $1,250 to $1.28m per trader and since its launch on 1 March 2022, has issued $110,500,000 in funding to over 8,000 traders across every continent.
“We have developed intuitive technology and a risk management system that has allowed us to rapidly become one of the market leaders in the online proprietary trading industry and the global market leader within the ‘instant funding’ proprietary trading niche”, said Aaron Wright.
Nick Hall commented: "Si was, initially, a far-fetched concept thought up during the Coronavirus pandemic. Accessibility to high financial positions for those of our age and humble upbringings isn't typical for fintech start-ups and we're proud to be shattering the norm. It's been a journey of creativity, personal sacrifice, determination, and perspicacity".
With a shared background in trading professionally for other proprietary firms, Nick and Aaron assessed the weaknesses of their competitors by surveying over 7000 proprietary traders before formulating a business model that they brought to market some 18 months later. With relatively low levels of capital during the ideation phase, the co-founders built the company from nothing to a multi-million-pound brand by developing corporate relations with brokerages, liquidity providers and technology developers who epitomised their vision and business model as well as harnessing the power of social media to build their brand organically, amassing over 12 million impressions since launch.
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Built from the ground up
"Most people start with nothing, but anything can be achieved with the power of the human mind. Thoughts are physical things and when energy is given to them, reality can be curated in any way one sees fit, and that is the story of Stocknet Institute’s existence", said Nick.
The firm has adapted to exponential growth by recruiting a team of employees who work both on-site at their Gateshead office and remotely across Europe. As demand grows at a phenomenal rate, the firm is planning for international expansion and will be opening its second office in Dubai in 2023 to serve its international trader base, which stretches from the Americas to South-East Asia, and allow entry to new markets globally, specifically into emerging market segments in GCC economies.
Most people start with nothing, but anything can be achieved with the power of the human mind.
The firm has adapted to exponential growth by recruiting a team of employees who work both on-site at their Gateshead office and remotely across Europe. As demand grows at a phenomenal rate, the firm is planning for international expansion and will be opening its second office in Dubai in 2023 to serve its international trader base, which stretches from the Americas to South-East Asia, and allow entry to new markets globally, specifically into emerging market segments in GCC economies.
The firm intends to use the new office as a base to recruit the best young finance and tech talent in the world to consistently level up their services and remain internationally competitive. Aaron commented: "Opening our Dubai office is an exciting prospect as it will provide an international gateway into new markets and open our labour market access to the world’s best talent".
To find out more about Stocknet Institute and its services, visit stocknetinstitute.com
START UP is a service provided by Newcastle University that supports alumni (up to 3 years of graduating) and current students who want to work for themselves. Support is given in many ways including confidential one-to-one coaching and business advice, skills development, equity-free grant funding, a pre-accelerator initiative and more.