I’m excited to announce the $15.5M Series A raise by Social Leverage (Fund III) portfolio company Gotrade. The Gotrade app, which allows users in over 170 countries to invest in fractional shares of US equities, was founded in 2019 by Rohit Mulani, Norman Wanto and David Grant. The company announced its adding Andrew Haryono, owner of Valbury Group, as a co-founder.

Tom, Gary and I met Rohit up in San Francisco before his Y Combinator demo day and pre COVID in 2019. Rohit and team have been quietly building a great product set and working with regulators in Indonesia the last few years to be compliant. If you think the old guard financial institutions have an edge in the USA, you have not tried to work with regulators in Southeast Asia.

Most importantly, the product is fantastic.

This round, led by Velocity Capital Fintech Ventures, with participation from Social Leverage, BeeNext, Kibo Ventures, Picus Capital, LocalGlobe, and Raptor, follows a $7 million funding in June. The additional funding will be used to create local market versions of the app throughout all markets in Southeast Asia.

You can read the full coverage on TechCrunch.