MarketWolf received $5.5 M funding to help short-term traders simplify trading experience
MarketWolf, an ‘intra-day options only’ trading software, has received a fresh round of initial investment of US $5.5 million from a bevy of high-profile individual investors.
These people work for well-known private equity firms, investment funds, fintech companies, and consumer internet businesses. Anil Thadani, Ashutosh Sinha, Roy van Leeuwen, Tomas Urbanec, Anuj Srivastava, and Ramakant Sharma are among those who have been selected.
The additional money will be used to develop new products, increase the company’s user base, and hire top personnel.
Vishesh Dhingra, founder, and CEO of MarketWolf said, “We aim to create a global community of MarketWolves – people who learn psychology, knowledge, and tools to trade well in all market conditions and train each other to become better traders. In an industry that has been largely categorised into only bulls and bears, MarketWolves will be a worthy addition.”
Vishesh Dhingra (CEO) and Thomas Joseph founded the firm in 2017. (COO). MarketWolf aids short-term traders by simplifying the trading process, eliminating needless language and complexity associated with options, and teaching them while safeguarding their cash with built-in risk measures.
Instead of giving advice, the company “creates the proper conditions and ecosystem for customers to make better trading decisions.” The startup only charges brokerage when a trade is profitable.
MarketWolf’s first market, India, has seen a 4x growth in trading accounts and a 10x increase in monthly active users in the previous few months. According to the firm, over one million app downloads (Android and iOS) have been made so far.
MarketWolf secured $1.7 million in angel investment earlier this year and has now raised a total of $7.2 million.
In addition to Singapore, the company has a presence in Mumbai, India.
