HelloTrade Secures $4.6 Million to Launch Blockchain-Based US Stock Platform

According to HelloTrade, the $4.6 million round led by Dragonfly Capital will fund its blockchain-based platform to offer global investors access to US equities and challenge leading fintechs.

Summary

HelloTrade announced a $4.6 million financing led by Dragonfly Capital, with Mirana Ventures and angel investors also participating. The company stated the funds will support the creation of a blockchain-based trading platform enabling global investors to trade US stocks and assets. Positioning itself as a competitor to Robinhood and Revolut, HelloTrade aims to leverage blockchain technology to enhance market accessibility and transparency.

Terms & Concepts
  • Blockchain: A decentralized digital ledger that records transactions across a network of computers, enabling transparency and security.
  • Angel investors: Individuals who provide capital for startups, often in exchange for ownership equity or convertible debt.
  • US stocks: Shares representing ownership in companies listed on stock exchanges in the United States.