Today, we’re excited to share that we’ve raised $15.5 million in Series A funding to further our mission of making investing fun, fair and simple for everyone, everywhere.
Since we launched Gotrade a year ago, we’ve seen an overwhelming response across the globe with over 500,000 users from over 140 countries.
It was clear validation that the problem we’ve set out to solve is a global one and one that crosses generational gaps — our oldest user is 88 years old!
We’ve achieved those numbers on the back of 0 marketing but we’re looking to up the ante and bring the Gotrade revolution to the next 5 million users.
On the back of our global success, we’ve decided to go local. Several weeks ago, we announced the launch of our first local product — Gotrade Indonesia.
Gotrade Indonesia is a game changer — bringing transparency and low fees to a market racked with high fees and a “what-can-we-get-away-with” mindset.
The problem that we set out to solve in Indonesia is sadly not confined to Indonesia but endemic across the world and especially in Southeast Asia. This is why we intend to scale our local footprint across Southeast Asia in a significant way.
We’ve been fortunate to have found like-minded investors that are backing us on our mission. Our Series A was led by Don Montanaro. Don founded TradeKing (acq. Ally Financial) and has spent most of his adult life in the retail brokerage world. Having invested in 8 Securities, Bux and SoFi as well, he brings a wealth of operating experience and expertise to Gotrade.
We are also fortunate to have investors from across the globe come onboard including Mitsubishi UFJ Financial Group (MUFG), BeeNext, Kibo Ventures, Picus Capital 🇩🇪 as well as returning investors LocalGlobe, Social Leverage & Raptor.
The team and I are incredibly humbled by their backing and the opportunity to work closely with investors of this caliber to pursue our mission of making investing fun, fair and simple for everyone in Southeast Asia.
Onwards and upwards.
Founder & CEO @ Gotrade