About WeTrade
WeTrade is a company based in Bengaluru (India) founded in 2021 by Prashant Kumar. WeTrade has raised $1.61 million across 1 funding round from investors including Buyhatke, Three State Capital and QED Innovation Labs. The company has 10 employees as of April 06, 2024. WeTrade operates in a competitive market with competitors including KuCoin, Bitso, Coinsquare, Coinbase and Kraken, among others.
- Headquarter Bengaluru, India
- Employees 10 as on 06 Apr, 2024
- Founders Prashant Kumar
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Wetrade Technology Private Limited
- Date of Incorporation 08 Dec, 2021
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$21.16 K (USD)0as on Mar 31, 2023
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Net Profit
-$1.12 M (USD)-851.08as on Mar 31, 2023
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EBITDA
-$1.13 M (USD)-870.6as on Mar 31, 2023
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Total Equity Funding
$1.61 M (USD)
in 1 rounds
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Latest Funding Round
$1.61 M (USD), Seed
May 09, 2022
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Investors
Buyhatke
& 19 more
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Employee Count
10
as on Apr 06, 2024
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Funding Insights of WeTrade
WeTrade has successfully raised a total of $1.61M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.61 million completed in May 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.
Investors in WeTrade
WeTrade has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Buyhatke, Three State Capital and QED Innovation Labs.
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Multiple strategies are utilized in hedge fund operations.
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Venture capital funding is provided to innovative startups in India.
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Investor details for WeTrade
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Investments & Acquisitions by WeTrade
Investment portfolio details for WeTrade
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Financial Statements - WeTrade
Detailed financials for WeTrade
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- Profit trends
- Statement rows
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Wetrade Comparisons
Peer comparison for WeTrade
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of WeTrade
WeTrade 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 KuCoin, Bitso, Coinsquare, Coinbase and Kraken, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cryptocurrencies are bought, sold, and traded via this exchange platform.
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Cryptocurrencies are traded and exchanged through an online platform.
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Digital assets are bought, sold, and traded on Coinsquare.
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Cryptocurrency trading, storage, and exchange services are offered online.
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Provider of an app-based trading and exchange platform for cryptocurrency
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Online robo advisory and stock trading services are provided.
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Detailed competitors of WeTrade
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Wetrade
Complete news archive for WeTrade
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Frequently Asked Questions about WeTrade
WeTrade was founded in 2021 and raised its 1st funding round 1 year after it was founded.
WeTrade is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
WeTrade is a funded company, having raised a total of $1.61M across 1 funding round to date.
As of Apr 06, 2024, the latest employee count at WeTrade is 10.
Annual revenue of WeTrade is $21.16K as on Mar 31, 2023.
WeTrade was founded in 2021 in Bengaluru, India, as an app-based platform focused on cryptocurrency investments. Trading in various cryptocurrencies is supported for users, along with a KYC verification algorithm, digital wallets, and encrypted data storage. Operations are centered on secure access to crypto markets, primarily serving users through mobile applications in the fintech sector.
WeTrade has 20 investors. Key investors include Buyhatke, Three State Capital, QED Innovation Labs, REDBROOK, and Mukesh Bansal.
The valuation of WeTrade is $16.32M as of May 2022.