Gotrade Raises $15.5 Million to Make Investing Fun, Fair and Simple in Southeast Asia, Launches in Indonesia
Summary
The round brings Gotrades total funding to date to $22.5 million as Velocitys Don Montanaro joins the Board alongside LocalGlobes Remus Brett. "Everyone deserves the right to invest in their own future and control their financial destiny, and from the first moment we met Rohit and the fantastic Gotrade team, we knew they would succeed in delivering this power to Indonesia, Southeast Asia, and beyond," said Velocitys Montanaro. "Combining a simple, safe and friendly mobile app experience with fractional trading at zero commissions is a proven winning formula around the globe. As experienced investors and operators in this space, were thrilled to lead this investment round and excited to support Gotrade through every step of their journey forward," said Don Montanaro. They are subject to mutual funds with expense ratios exceeding 5%, savings products like gold with 3% spreads and hidden fees peppered across their portfolios - not just by the incumbents but also by the companies that are meant to be the disruptors.