Mochatrade has raised a total of $5.56 million in funding, and supports Indian users in leveraged trading of US stocks.
1 hours ago
Y Combinator-backed US perpetual contract trading platform Mochatrade has raised a total of $5.56 million in funding. The seed round was led by CoinFund, with participation from Coinbase Ventures, while its $690,000 pre-seed round was supported by Y Combinator and Pioneer Fund. Targeting Indian traders, the platform allows rupee deposits via UPI, enabling leveraged long or short positions on US stocks including Nvidia, Tesla, and Apple—no requirement to hold actual equities or open a US securities account. Currently in testing, Mochatrade has a waitlist of over 20,000 people and is slated for public launch in the coming weeks. The funding will be used for trading technology development and user growth; future plans include US stock options, additional trading assets, and social trading features, with no immediate token issuance plans. (Source: The Block)
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