4 years ago

KTrade Raises $4.5 Million to Democratize Stock Trading in Pakistan

  • KTrade, a stock trading app owned by Pakistani brokerage KASB Securities, has raised $4.5 million in a funding round led by Hong Kong-based investment firm TTB Partners and New York-based global VC HOF Capital

  • The round was also joined by fintech investor Christian Angermayer, and David Mortlock, the managing partner of German investment bank Berenberg, as well as Pakistani business families

  • KTrade aims to democratize access to the capital markets in Pakistan and enable people to make stock market investments.

      • ProblemFinancial Services

      "Traditional stock trading in Pakistan is difficult and requires high minimums, leaving millions of people with limited options to invest their savings in a way that offers strong returns. Many people turn to gold or real estate, which have high costs and inefficient returns."

      Solution

      "KTrade offers a user-friendly stock trading app that allows users to invest in the stock market with as little as PKR 5,000 ($32). It has a simple onboarding process, low commission fees, and provides access to a variety of investment options including stocks, bonds, commodities, and mutual funds."

      Covered on