Fintech Stock Trading Platform MarketWolf Raises $10 Million in Series A

Fintech stock trading platform MarketWolf announced a $10M Series A fundraise led by Jungle Ventures and Dream Capital. Existing investors and others including 9Unicorns, iSeed, Crescent and Riverwalk, also participated in the round. 

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This brings the total capital raised by the company to $17.4M since inception. MarketWolf intends to use this fresh round of funding for building out its product suite and to hire top talent across product, marketing and engineering functions.

MarketWolf pioneered the bold model of charging brokerage fees only on profitable trades. This model incentivizes MarketWolf to focus on building robust products and a conducive learning ecosystem, where users can manage risks and make better trading decisions in any market condition.

Commenting on the fundraise, Vishesh Dhingra, Founder & CEO of MarketWolf said: "We are extremely proud to partner with Jungle Ventures, Dream Capital and all our investors in our mission to create a global community of MarketWolves. With the average retail stock holding period going down from 8 years to 8 months over the past few decades, we believe that in future, there will be fewer Bulls or Bears and more MarketWolves - people who given the right tools, can capitalize on the latest market opportunities by adjusting their trading styles along with the change in market conditions."

Arpit Beri, Principal at Jungle Ventures said: "Retail participation in the stock market in India continues to remain abysmally low at 3~5% and we believe that MarketWolf has the right product, as well as the right team and expertise to break-through this market. With its highly intuitive and gamified user interface, along with the managed risk controls, MarketWolf simplifies the trading experience making it the best-suited platform for young India to start trading like a pro. The company has already demonstrated tremendous stickiness & virality with its consumers and we are excited to be a part of their next stages of growth".

Dev Bajaj, who leads Dream Capital as the Chief Strategy Officer for Dream Sports said: "We believe that disruptive gamification will happen across B2C. MarketWolf is leading this effort in fintech, and we are glad to partner with them to democratize trading in India."

Source: Finextra