MarketWolf Raises $10 Million in Funding

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MarketWolf Raises $10 Million in Funding
05 Jul 2022
6 min read

News Synopsis

MarketWolf, a stock trading platform, has raised $10 million in its most recent funding round led by Jungle Ventures and Dream Capital. The round was also attended by existing investors and others, including 9Unicorns, Iseed, Crescent, and Riverwalk.

According to the company, it has raised $17.4 million so far. MarketWolf intends to use the funds to expand its product portfolio and hire top talent in the product, marketing, and engineering functions. The company also intends to hire talent in technology and product development.

MarketWolf, founded in 2017 by Vishesh Dhingra and Thomas Joseph, aims to make trading simple and jargon-free for first-time investors.“The number of trading accounts and retail active clients have grown 10X compared to the same period last year, despite the volatility seen in public capital markets this year,” it said in a statement.

The startup said it has 1.5 million app users. It has an in-built risk management system and low-ticket size investment options. “Today, we are at the intersection of two of the most popular and hyper-growth verticals in the new world – stock trading and mobile gaming – both sharing elements of high engagement, excitement, and experiential learning,” Dhingra said.

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