About Gotrade
Gotrade is a company based in Singapore (Singapore) founded in 2020 by Norman Wanto.. Gotrade has raised $22.5 million across 2 funding rounds from investors including Social Leverage, Kibo Ventures and MUFG Campus. Gotrade offers products and services including Gotrade App. Gotrade operates in a competitive market with competitors including Ommer, among others.
- Headquarter Singapore, Singapore
- Founders Norman Wanto
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gotrade Securities Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.5 M (USD)
in 2 rounds
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Latest Funding Round
$15.5 M (USD), Series A
Apr 04, 2022
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Investors
Social Leverage
& 15 more
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Employee Count
Employee Count
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Products & Services of Gotrade
Gotrade offers a comprehensive portfolio of products and services, including Gotrade App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for fractional investing in US stocks with low entry barriers.
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Funding Insights of Gotrade
Gotrade has successfully raised a total of $22.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15.5 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $15.5M
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First Round
First Round
(24 Jun 2021)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - Gotrade | Valuation | Velocity Capital Fintech Ventures | |
| Jun, 2021 | Amount | Seed - Gotrade | Valuation | LocalGlobe |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gotrade
Gotrade has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Social Leverage, Kibo Ventures and MUFG Campus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Fintech companies are funded by Velocity Capital Fintech Ventures.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund
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Founded Year | Domain | Location | |
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Technology sectors are invested in by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gotrade
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Gotrade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gotrade Comparisons
Competitors of Gotrade
Gotrade operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ommer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A blockchain-based platform for investing in stocks securely.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gotrade
Frequently Asked Questions about Gotrade
When was Gotrade founded?
Gotrade was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Gotrade located?
Gotrade is headquartered in Singapore, Singapore.
Who is the current CEO of Gotrade?
Norman Wanto is the current CEO of Gotrade. They have also founded this company.
Is Gotrade a funded company?
Gotrade is a funded company, having raised a total of $22.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7M, raised on Jun 24, 2021.
What does Gotrade do?
Gotrade was founded in 2020 in Singapore as a fintech platform specializing in stock trading. Fractional and whole shares of US stocks can be bought, sold, and held by users. Stock selection tools are provided based on historical returns and investment commissions. Access to accounts is secured through biometric authentication. The platform operates on Android and iOS devices.
Who are the top competitors of Gotrade?
Gotrade's top competitors include Ommer.
What products or services does Gotrade offer?
Gotrade offers Gotrade App.
Who are Gotrade's investors?
Gotrade has 16 investors. Key investors include Social Leverage, Kibo Ventures, MUFG Campus, Velocity Capital Fintech Ventures, and Beenext.