Gotrade Heats-up Competition Among Investment Platform Startups

By Editorial Team 07/04/2022
digital investment platform
Summary

Investment application startup Gotrade announced it had raised US$15.5 million or more than Rp 222 billion in A-series funding led by Velocity Capital Fintech Ventures. This round involved investors from various countries, such as Mitsubishi UFJ Financial Group, BeeNext, Kibo Ventures, Picus Capital, and previous investors, including LocalGlobe, Social Leverage & Raptor.

Gotrade will use the fresh funds to develop a team of 40 people and launch localized versions of the product in various markets, starting with Southeast Asia. The launch of the local version of Gotrade will allow the company to start marketing, offering its products in the local language, and allowing local deposit methods across the region.

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