About WeTrade
WeTrade is a Financial Services company based in Bengaluru (India) founded in 2021 by Prashant Kumar. It operates as a cryptocurrency investments and trading are enabled via an app-based platform. 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. WeTrade was last valued at $16.32 million in May 2022. Its Indian entity Wetrade Technology Private Limited reported revenue of ₹13.81 Cr. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Online Trading Platforms. Its competitors include KuCoin, Bitso, Coinsquare, Coinbase and Kraken and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 10
- Founders Prashant Kumar
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website wetrade.app
- Social LinkedIn X Facebook
- Legal Name Wetrade Technology Private Limited
- Date of Incorporation 08 Dec, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹13.81 Cr
FY 2024 · +7749% YoY
- Net Profit₹6.20 Cr
FY 2024 · 45% margin
- EBITDA₹6.29 Cr
FY 2024 · 46% margin
- Total Equity Funding$1.61M (USD)
in 1 rounds
- Latest Funding Round$1.61M (USD), Seed
May 2022
- InvestorsBuyhatke
& 19 more
- Employee Count10
Associated legal entities of WeTrade
WeTrade operates through Wetrade Technology 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 |
|---|---|---|---|---|---|---|---|
| Wetrade Technology Private Limited CIN U72900KA2021PTC155378 | Active | 08 Dec 2021 | Bangalore, Karnataka | ₹13.8 Cr | 10 | 2 | View details |
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.
- Total Funding $1.61M
- Total Rounds 1
- Last Round Seed — $1.61M
- First Round $1.61M
(May 2022)
- Investors Count 20
All 1 funding rounds of WeTrade 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 |
|---|---|---|---|---|---|
| May 2022 | $1.61M | Seed | $16.32M | Three State Capital |
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $16.32M | •••••••• |
Last known valuation $16.32M (May 2022). 20 investors in total: 5 institutional and 15 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple strategies are utilized in hedge fund operations. | – | threestatecapital.com | Austin, United States | |
Venture capital funding is provided to innovative startups in India. | – | qedinnovationlabs.tcc.mode | Mumbai, India | |
- | – | redbrookpte.tcc.mode | - | |
Price comparison and product discovery across eCommerce portals are enabled. | 2015 | buyhatke.com | Bengaluru, India | |
Managed home rentals are provided via an online platform. | – | redbrook.tcc.mode | - | |
MB Mukesh Bansal | Founder of Myntra, Curefit; prominent angel investor in Indian startups | – | unknown_ddbbd165e9a94caba | - |
AR Amar Rajesh Nagaram | - | – | unknown_78eefaa6f8ad45199 | - |
GA Gaurav Agarwal | Co-founder of 1mg, active angel investor in Indian startups | – | unknown_94ff3ab13e274b36b | - |
SK Sujeet Kumar | Co-founder of Udaan, prominent angel investor in Indian startups | – | unknown_64f7a1e4fd594bad9 | - |
VS Vishesh Shrivastav | Angel investor and entrepreneur, co-founder of Sensibull, focused on fintech | – | unknown_2fd3c05ed7e3491f9 | - |
Investor details for WeTrade
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Wetrade Technology Private Limited (WeTrade)
Wetrade Technology Private Limited is the primary company behind WeTrade. The board of Wetrade Technology Private Limited currently have 2 directors; the longest-serving is Prashant Kumar, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prashant Kumar DIN 09429191 | Director | 08 Dec 2021 | 4 yrs 10 mo | Wetrade Technology Private Limited |
| Rashmi Kumar DIN 09429192 | Director | 08 Dec 2021 | 4 yrs 10 mo | Wetrade Technology Private Limited |
People of WeTrade
1 people are tracked at WeTrade (1 in leadership); the tracked headcount is 10.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for WeTrade
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of WeTrade
Figures of Wetrade Technology Private Limited, the primary company behind WeTrade, for FY 2024. Revenue was ₹13.81 Cr (+7749% year on year). Net profit was ₹6.20 Cr (45% margin). EBITDA was ₹6.29 Cr (46% margin).
- ₹13.81 CrRevenue · FY 2024 · +7749% YoY
- ₹6.20 CrNet profit · 45% margin
- ₹6.29 CrEBITDA · 46% margin
- ₹6 LakhPaid-up capital
- 10Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Wetrade Technology Private Limited are on its company page.
Detailed financial statements for WeTrade
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of WeTrade
3 dated milestones of WeTrade across 1 years, from founding to its latest funding, stage changes and deals.
- Founded WeTrade is founded.
- Funding First funding round of $1.6M.
- Milestone Reaches Minicorn status.
Competitors of WeTrade
WeTrade has 9 listed competitors in our database, 9 of them funded. They include KuCoin, Bitso, Coinsquare, Coinbase and Kraken, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kucoin.com | 2017 | Mahe, Seychelles | $180M | – | Cryptocurrencies are bought, sold, and traded via this exchange platform. | |
| bitso.com | 2014 | Mexico | $331.35M | – | Cryptocurrencies are traded and exchanged through an online platform. | |
| coinsquare.com | 2014 | Toronto, Canada | $124.67M | – | Digital assets are bought, sold, and traded on Coinsquare. | |
| coinbase.com | 2012 | San Francisco, United States | $546.62M | 3,416 | Cryptocurrency trading, storage, and exchange services are offered online. | |
| kraken.com | 2011 | San Francisco, United States | $32.49M | 4 | Provider of an app-based trading and exchange platform for cryptocurrency | |
| wealthsimple.com | 2014 | Toronto, Canada | $1.29B | 1,251 | Online robo advisory and stock trading services are provided. | |
| bitflyer.com | 2014 | Chiba, Japan | $36.61M | 15 | Bitcoin is bought, sold, and traded via an online platform. | |
| coinlist.co | 2017 | San Francisco, United States | $119.2M | 27 | App-based trading platform for cryptocurrency | |
| binance.us | 2019 | San Francisco, United States | $200M | – | Cryptocurrency trading is enabled through a mobile application platform. |
Detailed competitors of WeTrade
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Cryptocurrencies
10 companies that operate in the same segment as WeTrade (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Related news about 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. The company's 1st funding round was a Seed of $1.61M, raised on May 2022.
WeTrade has 10 employees.
The primary company behind WeTrade, Wetrade Technology Private Limited, reported revenue of ₹13.81 Cr for FY 2024, up 7749% year on year.
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.
WeTrade operates through Wetrade Technology Private Limited.
The legal entities of WeTrade currently have 2 directors, including Prashant Kumar, Rashmi Kumar.