World’s first ‘intra-day options only’ trading app MarketWolf bets on users making profits; Secures US$5.5Mn seed funding

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 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. 24×7 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. 

www.marketwolf.com

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