What is GoTrade?
GoTrade operates within Indonesia's burgeoning fintech landscape, positioning itself as an investment application. The company is part of a wave of similar platforms in the region, such as Pluang, Pintu, Bibit, and Ajaib, that have attracted substantial investment over the past year. This competitive environment underscores the growing demand for accessible digital investment tools among Indonesian consumers.
How much funding has GoTrade raised?
GoTrade has raised a total of $15.5M across 1 funding round:
Series A
$15.5M
Series A (2022): $15.5M with participation from Picus Capital, Beenext, Kibo, Velocity Capital Private Equity Hoofdstraat, LocalGlobe, and Mitsubishi UFJ Financial Group
Key Investors in GoTrade
Picus Capital
Picus Capital is an investment firm that has participated in GoTrade's Series A funding round. Further details on their specific investment focus are not provided in the source data.
Beenext
BEENEXT is a founder-first venture capital firm that supports bold ideas from innovative entrepreneurs across various sectors. They emphasize collaboration and networking, with a portfolio spanning fintech, sustainability, and enterprise SaaS.
Velocity Capital Private Equity Hoofdstraat
Velocity Capital Fintech Ventures is a venture capital firm founded in 2005, providing early-stage capital funding to companies, with a focus on the fintech sector.
What's next for GoTrade?
The recent Series A financing positions GoTrade for accelerated expansion and product development. With a substantial capital injection, the company is poised to enhance its platform, broaden its user base, and potentially explore new market opportunities within the Indonesian fintech sector. This strategic investment signals strong confidence from backers in GoTrade's potential to capture a significant share of the digital investment market.
See full GoTrade company page
