Fintech

MPFunds receives $1.1M to grow SEA’s trading community

June 1, 2023
Dean Wong, CEO of MPFunds. Image from MPFunds

Start trading with MPFunds! This Singapore-based funded trader program offers traders up to $400,000 in trading capital. And they’ve just raised a $1.1M pre-seed!

  • Launched earlier this month, they’re the first funded trader program in Asia. 

Investor check. The round was led by an undisclosed Singaporean angel investor from the software industry. 

🎲 Let’s get trading

All new traders are required to pass a two-phase trading challenge before they can trade using funded capital. Traders pay an application fee to start the challenge and must hit the required profit margins.

  • It’s fast. It only takes a minimum of 10 days to pass both phases. 
  • Get your money quickly. Traders receive their payout (80% of the profit) after seven days! 

No experience required. Traders can access courses by economist Dr. Tan Kee Wee and schedule one-on-one sessions with coaches to review their performance. 

  • Not just that. They also offer mental health counseling–in partnership with Annabelle Psychology–to manage the emotional risks that come with trading. 

 

↗️ What the future holds?

MPFunds will use the $$$ to grow their team, scale their platform and services, and put security measures in place.  

  • They’re also going to prioritize APAC expansion, starting with Taiwan, Malaysia, Thailand, and Vietnam. 

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