
Gotrade
Fractional share trading startup that enables 150 countries to invest commission-free in fractions of companies.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor | €0.0 | round |
investor investor | €0.0 | round | |
investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | $15.5m | Series A | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 219 % | - |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Gotrade is a mobile application that allows users from over 150 countries to invest in fractional shares of U.S. stocks and ETFs. The platform is designed to make investing accessible to everyone, regardless of their location or investment size. Users can start investing with as little as $1, and the app does not charge any commission on trades. This business model is based on a freemium approach, where the core trading functionality is free, but there might be charges for other premium services or features in the future. The company's primary clients are retail investors from emerging markets who have traditionally been excluded from the U.S. stock market due to high fees and minimum investment requirements.
Gotrade's value proposition lies in its simplicity and affordability. The app is user-friendly and provides a seamless experience for both novice and experienced investors. By offering fractional shares, Gotrade removes the barrier of high stock prices, allowing users to invest in companies like Tesla, Apple, and Amazon with a small amount of capital. The company operates in the highly competitive fintech and online brokerage market, but its focus on emerging markets and fractional shares gives it a strong competitive advantage.
Keywords: fractional shares, U.S. stocks, mobile investing, retail investors, emerging markets, commission-free trading, fintech, stock market, investment platform, financial inclusion