Chicago based commission-free broker raised $20m from Tastytrade, Inc., and will operate as a wholly owned subsidiary of Tastytrade.
With the backing of tastytrade, Dough has the fintech expertise of tastytrade’s co-CEOs Tom Sosnoff and Kristi Ross. Last summer, tastytrade raised $20 million in a Series C round to grow its trading and investment platform. Being owned by tastytrade also gives Dough access to an established engineering team that can help build out the Dough platform, Jones said. Additionally, he expects Dough’s team of 11 to double within the next year. “We’re really about focusing on real people and real investment needs,” Jones said. “Our focus is on better decision making.”