Public.com, a zero-commission stock trading platform, announced on Wednesday that it signed a partnership with Bobby Wagner, NFL’s Seattle Seahawks All-Pro linebacker, entrepreneur and investor. According to the press release, the deal is part of Public.com’s efforts to bolster financial literacy.
The major targets of the partnership include helping people become ‘better active long-term investors,’ the stocks trading platform noted. That said, the deal is expected to see Wagner bring financial literacy lessons in the 2021-2022 NFL season through the Public.com app, seeking to cover over one million members.
“With tens of millions of new investors flooding into the stock market for the first time, I’m especially excited to partner with Public because of their unique focus on community, education, and inclusion alongside its elegant brokerage app. By joining forces, we can help more people reach the top of their financial wellness game early on in their investing journey,” Wagner commented on the partnership. Furthermore, the NFL linebacker is expected to serve as an advisor of One Team, a Public.com program for NCAA student-athletes that covers financial literacy affairs.
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Wagner’s Experience as an Investor
“We’re so excited to partner with Bobby and make him an equity holder of Public. His experience as an athlete, entrepreneur, investor and advocate for financial literacy makes him the perfect partner on our shared mission to make the public markets work for all people,” the stock trading platform pointed out in the announcement. As an investor, Wagner is known for having co-founded Fuse Venture Partners, a venture capital (VC) fund. Additionally, he served as an intern at Ignition Partners, a Seattle-based VC firm.
Moreover, as part of the deal, Public.com said that it would give away free stock to Wagner’s fans who start a portfolio with them during the financial literacy program.
Early this year, the stocks trading platform announced that it had been raising fresh funds of $200 million, only a couple of months after the closure of its last funding round.