Leading Pakistani fintech stock trading app KTrade today 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. German fintech investor Christian Angermayer, the Managing Partner of German bank Berenberg David Mortlock, and leading Pakistani business families also participated in the round.
KASB will use the money to help Pakistanis better manage their savings and invest in Pakistani stocks and commodities.
Mr. Ali Farid Khwaja, Chairman of KASB said ‘Most people in Pakistan lack access to formal financial products. Their savings in real estate or gold offer inferior returns, these are inefficient and have high transactional costs.
Hence we at KTrade believe in financial democracy and financial literacy by educating clients and giving them access to the stock market”.