Bangkok-based stock trading and analytic app StockRadars has raised a fresh funding round led by existing investor CyberAgent Ventures and a number of angel investors, including Thai stock-trading tycoon Watchara ‘Sia Pong’ Kaewsawang.
The value of the round was undisclosed.
On the same day, it also launched real-time stock trading inside its app for iOS and Android.
The app already allows users to follow and analyse public stocks from their phone, but users will now be able to trade via StockRadars in Thailand.
“Today is a major day. Not only have we gained the backing of many of Thailand’s most successful traders, but now we have removed the barrier and enabled anyone to trade stocks in Thailand,” Teerachart ‘Max’ Kortrakul, CEO of StockRadars, said.
The new funding will be used in two parts. Some of it will go towards offline activities in Thailand such as holding seminars, aiming to educate users and boost the trading volume via the app. The other will be used to launch the StockRadars analytics service in eight countries, China, Taiwan, Hong Kong, South Korea, Japan, New Zealand, India and Singapore.
“Same as Thailand, we will enable users in these markets to get up-to-minute news and analytics on public companies right from their smartphone,” he said.
It has recently kicked off a new feature, StockRadars Talk, an online community and platform for searching and sharing stock information.
StockRadars was launched in 2013 and raised a pre-Series A funding round of an undisclosed amount from CyberAgent Ventures and East Ventures in January last year.