MarketWolf, a «intra-day options only» trading app, has raised $5.5 million from private investors in new round of seed funding.
Singapore-headquartered MarketWolf has raised fresh funding that will be used to build new products, expand user base and attract top talent, the startup announced in a statement on Wednesday.
MarketWolf has experienced strong growth over the past four months in its first market, India, where it has seen 4X growth in trading accounts.
MarketWolf was co-founded by Dhingra (CEO) and Thomas Joseph (COO) in 2017. It currently has offices in Singapore and Mumbai, India, where the app has been downloaded by over 1 million users. Dhingra was previously the COO of payments startup Fastacash and previously held roles at Merrill Lynch and Barclays Capital.
Demystifying Trading
The startup said it aims to help short-term traders by simplifying trading experience, removing unnecessary jargon and complexities associated with options, and educating them, while protecting their capital with built-in risk management features
«We believe anyone can trade and are working towards demystifying the complex world of trading, starting with intra-day options. Our global ambitions are backed by a strong group of investors and an experienced, diligent team that is able to deliver under any circumstances,» Vishesh Dhingra, founder and CEO of MarketWolf, said.
