Leading Pakistani fintech stock trading app KTrade announced it has raised $4.5 million in a funding round from a range of global investors and institutions led by Hong Kong-based TTB Partners, and HOF Capital from New York.
KTrade is the fintech retail trading app created by KASB Securities, the leading stock brokerage in Pakistan. KTrade provides easy access to financial markets for retail investors much like its global peers such as XP in Brazil, Zerodha and Groww in India, Tiger in China, Flatex in Germany and Robinhood in the US.
Since launching in 2019, KTrade has over 200,000 users and aims to reach 10 million Pakistani’s at home and abroad by 2023 to invest in stocks, bonds, commodities and mutual funds through its mobile platform.
The volumes have increased by 7x over the last 18 months driven by regulatory reforms and an increase in retail investor participation.
Retail investors now account for over 65% of overall trading volume compared to around 45% 24 months ago. KTrade aims to provide users quick and easy accessibility to this investment opportunity.
Pakistan is emerging on the radar of global investors as the next Indonesia. KASB’s aim is to provide retail savers access to financial education, information, and financial products and to help them make better financial decisions.
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