World’s first ‘intra-day options only’ trading app MarketWolf Secures US$5.5Mn seed funding

2024-05-03 05:31:51 Business

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India, 19 October, 2021 - MarketWolf, an innovative ?intra-day options only? trading app has
raised US$5.5million in a fresh round of seed funding largely from high profile individual
investors who hold senior positions in globally renowned private equity firms, investment
funds, fintech and consumer Internet start-ups. Some of these investors include Anil Thadani
- Chairman at Symphony Asia; Ashutosh Sinha - former CEO of Morgan Stanley Investment
Management Singapore; Tomas Urbanec - former CEO of Prudential Assurance Singapore;
Roy van Leeuwen - Managing Director Benelux, Auto1; Anuj Srivastava - Co-Founder & CEO
of Livspace and Ramakant Sharma - Co-Founder & COO of Livspace. MarketWolf had raised
US$1.7million during its angel round and hasraised a total of US$7.2million to date. This fresh
funding will be utilised to build new products, expand user base and attract top talent.
Commenting on this milestone, Vishesh Dhingra, Founder and CEO of MarketWolf said, ?This
funding announcement is a significant step forward for all of us at MarketWolf, and a
testament to the fact that our investors believe in our vision of democratising trading
worldwide. We believe ?Anyone Can Trade? and are working towards demystifying the
complex world of trading, starting with intra-day options. Our global ambitions are backed by
a strong group of investors and an experienced, diligent team that is able to deliver under any
circumstances.?

MarketWolf launched in India as its first market and is experiencing exponential growth in all
business metrics with trading accounts increasing by 4X and monthly active users multiplying
to 10X over the last few months. MarketWolf, which is a licensed stockbroker in India has
clocked over 1 million app downloads and is available on both Android and iOS.

MarketWolf does not believe in giving tips but instead creating the right conditions and
ecosystem for users to make better trading decisions. With this belief, MarketWolf has
pioneered the bold model of charging brokerage only when a trade makes profit.

Mr Dhingra added, ?We feel very proud of the fact that on MarketWolf, over 60% of trades
have made profits for the users. Any feature that gets added in the app has to pass the litmus
test of contributing either towards increasing the chances of a trade making profits or
minimising the chances of a trade incurring losses. This is the reason we have aligned our
business objectives with users making profits. Our aim is to create a global community of
MarketWolves ? people who learn the psychology, knowledge and tools to trade well in all
2 market conditions, and train each other to become better traders. In an industry which has
been largely categorised into only bulls and bears, MarketWolves will be a worthy addition.?
MarketWolf believes that there are a lot of good solutions available to people for long-term
investments. However, for people who are interested in short-term trading, there may be
limited protection available and they could end up making bad choices, especially as they are
starting out their trading journey. MarketWolf helps these people by simplifying trading
experience, removing unnecessary jargon and complexities associated with options, and
educating them, while protecting their capital with built-in risk management features.

Some key platform features include:
1. Brokerage Only on Profits - Pay brokerage only when you profit. Zero otherwise!
2. Protect Capital - Set your reward/risk limits before you place the trade. Follow trading
discipline!
3. Trade Quality Stocks - Trade in a curated list of high performing liquid stocks. Stay
away from junk stocks!
4. Learn Trading - Start with practice mode. Train to trade!
5. Start Small - Trade index and stock options. Based on your Risk appetite!
6. See Charges Upfront - See all charges before you place a trade. 100% transparent!
7. Easy & Fast Trading ? Easy to find suitable options based on investment amount.
Trade executed in milliseconds!
8. Follow The Trend - Use the short-term trend indicator to place trades quickly. Trend
is your friend!
9. Candlestick Charts & Technical Indicators - Use advanced tools to understand price
movements. Build your trading knowledge!
10. 24x7 Customer Care - In-app help centre available for assistance. Anytime!

About MarketWolf

Founded in 2017, MarketWolf has offices in Mumbai, India & Singapore. Co-Founded by Vishesh Dhingra (CEO) and Thomas Joseph (COO) with the vision ?Anyone Can Trade?, MarketWolf is the world?s first ?intra-day options only? trading app. MarketWolf has pioneered a bold model of charging brokerage only when a trade makes profit and has raised US$ 7.2 million to date largely from high profile individual investors to democratize trading worldwide. The app was launched in India as the first market and has been downloaded by over a million people.