Say hey to GoTrade! They're an investment app that allows people globally to buy ETFs and fractional shares of US stocks for as low as $1. (Yup, just $1!) Now, they've just raised a $15.5M Series A led by Velocity Capital Ventures.

• Launched in 2021, they have 500,000 users from over 140 countries— around 90% being first-time investors.
• They've transacted over $400M across over 5M trades.
  

Who cashed in? Mitsubishi UFJ Financial Group, Beenext, Kibo Ventures, LocalGlobe, Social Leverage, Picus Capital and Raptor Group.

• Its last round was a $7M seed led by LocalGlobe.

🎉  What it's all about

Let anyone, anywhere, invest in the world's leading companies listed on the NASDAQ and NYSE. Instead of not being able to invest in a stock because you can't afford it, you can own a fraction of a stock and enjoy the potential returns.

• If Tesla is trading at $1000 per share, you can own 1/1000 of a share for $1.
• If you invested $25 in Tesla last year, you would have $107 by now.

💡 How it works

Fast and simple. Sign up and make your first trade in just 10 minutes. Oh, and it's so easy, even first-time traders won't get overwhelmed.‍

Zero commissions. Stop paying tons per trade or for other fees. GoTrade makes money by charging a small foreign exchange fee when users deposit funds in their local currency. (So no, they're not milking cash out of you.)

🇮🇩  Goin' local

While people from over 150 countries can use their app, they're taking a step further by launching their first local version of GoTrade — GoTrade Indonesia.

• It's now racing against local investment apps Ajaib, Pluang, Pintu and Bitbit.
  

Speaking your language. Local versions of GoTrade will be able to offer the product in the local language and use more local deposit methods— also allowing them to reach more customers.

🚀   What's next?

They're growing the team and prepping to launch more localized versions of its product internationally, starting with SEA.