About Pluto
Pluto is a Technology company based in Los Angeles (United States) founded in 2021, and was acquired by Robinhood in July 2024. Pluto has raised $4 million across 1 funding round from investors including Robinhood, Switch Ventures and Caffeinated Capital. Its Indian entity Pluto Forex Private Limited reported revenue of ₹81.17 Cr. Its focus areas include FinTech, Investment Tech, Online Trading Platforms and Forex. Its competitors include Modulus, Aphid, Meta Trade Bot, Tlustik Investment and TitanFlow and 4 more; 2 of its 9 listed competitors have raised funding.
Company details
Provider of bot-based forex trading opportunities. It offers solutions for investors to invest in crypto and stocks. Users need to create an account on the platform and create an investment strategy or choose from the available marketplace and start investing.
- Headquarters Los Angeles, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website pluto.fi
- Social LinkedIn X
- Acquired by Robinhood (Jul 2024)
- Legal Name Pluto Forex Private Limited
- Date of Incorporation 02 Jan, 2020
- Jurisdiction Kolkata, West Bengal, India
Associated legal entities of Pluto
Pluto operates through Pluto Forex Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pluto Forex Private Limited CIN U67110WB2020PTC235639 | Active | 02 Jan 2020 | Kolkata, West Bengal | ₹81.2 Cr | – | 2 | View details |
Funding Insights of Pluto
Pluto has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in June 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 $4M
- Total Rounds 1
- Last Round Seed — $4M
- First Round $4M
(Jun 2022)
- Investors Count 3
All 1 funding rounds of Pluto with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $4M | Seed | – | at.inc |
4 investors in total: 4 institutional.
Investors in Pluto
Pluto has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Robinhood, Switch Ventures and Caffeinated Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed-stage technology investments are targeted by Switch venture capital firm. | – | switch.vc | San Francisco, United States | |
A venture firm based in San Francisco and New York, investments are made in technology companies. | – | caffeinatedcapital.com | San Francisco, United States | |
Seed-stage investments are managed by at.inc, a venture capital firm. | – | at.inc | San Francisco, United States | |
Commission-free trading and investment services are provided by Robinhood. | 2013 | robinhood.com | Menlo Park, United States |
Investor details for Pluto
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Pluto Forex Private Limited (Pluto)
Pluto Forex Private Limited is the primary company behind Pluto. The board of Pluto Forex Private Limited currently have 2 directors; the longest-serving is Mohammad Imtiyaz Alam, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohammad Imtiyaz Alam DIN 08443358 | Director | 02 Jan 2020 | 6 yrs 9 mo | Pluto Forex Private Limited |
| Ejaz Khan DIN 08443386 | Director | 02 Jan 2020 | 6 yrs 9 mo | Pluto Forex Private Limited |
Financials of Pluto
Figures of Pluto Forex Private Limited, the primary company behind Pluto, for FY 2024. Revenue was ₹81.17 Cr (+9% year on year). Net profit was ₹3.8 Lakh (0% margin). EBITDA was ₹8.3 Lakh (0% margin). Revenue has grown at a compounded annual rate of +153% over three years.
- ₹81.17 CrRevenue · FY 2024 · +9% YoY
- ₹3.8 LakhNet profit · 0% margin
- ₹8.3 LakhEBITDA · 0% margin
- ₹50 LakhPaid-up capital
- +153%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Pluto Forex Private Limited are on its company page.
Detailed financial statements for Pluto
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Pluto
3 dated milestones of Pluto across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Pluto is founded.
- Funding First funding round of $4.0M.
- Exit Acquired by Robinhood.
Competitors of Pluto
Pluto has 9 listed competitors in our database, 2 of them funded. They include Modulus, Aphid, Meta Trade Bot, Tlustik Investment and TitanFlow, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| modulusglobal.com | 1997 | Scottsdale, United States | $8.47M | – | AI and high-performance computing solutions and services are provided. | |
| aphid.com | 2020 | Los Angeles, United States | $20,000 | – | AI agents are deployed to manage various online tasks. | |
| metatradebot.com | 2018 | Pleasanton, United States | – | – | AI-driven automated forex trading bot executes trades 24/7 for users. | |
| tlustikinvestmentllc.org | 2021 | Delray Beach, United States | – | – | An AI-powered platform for forex and cryptocurrency trading tailored for individuals. | |
| titanflow.io | 2020 | Gig Harbor, United States | – | – | App-based algorithmic trading for capital market assets is facilitated. | |
| trndbot.com | 2020 | Maricopa, United States | – | – | Offers algorithmic tools for simplifying financial market trading charts. | |
| trademinator.com | 2017 | Panama | – | – | Delivers comprehensive solutions for open-source cryptocurrency trading bots. | |
| wetttraderllc.com | 2015 | Mchenry, United States | – | – | Provides an online trading software for efficient market transactions. | |
| algiq.com | 2011 | Milwaukee, United States | – | – | Delivers a forex trading robot for automated transactions. |
Detailed competitors of Pluto
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Investment & Financial Technology
10 companies that operate in the same segment as Pluto (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | 2,713 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | 602 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | 674 | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | 1,524 |
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Frequently Asked Questions about Pluto
Pluto was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Pluto is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Pluto is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Jun 2022.
The primary company behind Pluto, Pluto Forex Private Limited, reported revenue of ₹81.17 Cr for FY 2024, up 9% year on year.
Provider of bot-based forex trading opportunities. It offers solutions for investors to invest in crypto and stocks. Users need to create an account on the platform and create an investment strategy or choose from the available marketplace and start investing.
Pluto has 4 investors. Key investors include Robinhood, Switch Ventures, Caffeinated Capital, and at.inc.
Pluto operates through Pluto Forex Private Limited.
Yes. Pluto was acquired by Robinhood in July 2024.
The legal entities of Pluto currently have 2 directors, including Mohammad Imtiyaz Alam, Ejaz Khan.