CoinFund led Mochatrade's seed round, with Coinbase Ventures and Nicky Montana of Zero Knowledge Ventures participating, bringing total funding to $5.56 million. The round closed in July via post-money SAFEs with no valuation disclosed; Y Combinator and Pioneer Fund backed a $690,000 pre-seed, with YC's $500,000 delivered in USDC on Base. The platform lets Indian users fund accounts in rupees via UPI and trade leveraged perpetuals on U.S. stocks like Nvidia and Tesla. It's in beta with over 25,000 waitlisted, plans a public launch in coming weeks, and intends to add options and social trading.

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Thread · 3 events · last update 26 Oct 20:45
  1. First reportY Combinator-backed Mochatrade raises $5.5 million for US stock perpetuals aimed at Indian traders7 acc.
  2. UpdateY Combinator invests $500,000 in Mochatrade, settled in USDC2 acc.
  3. UpdateMochatrade raises a YC round and stores funds on-chain2 acc.
  4. Leviathan published this article

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Cited posts

  • @TheBlockCo The BlockFirst reportOn X ↗

    EXCLUSIVE: Y Combinator-backed Mochatrade raises $5.5 million to offer US stock perpetuals to Indian traders https://t.co/8G3PZnphLa

  • @coinfundOn X ↗

    We’re excited to announce that we led @Mochatradeapp's $5.5M Seed round ☕️ Mochatrade offers US stocks to Indian traders through perps, allowing for better access via familiar tools and a seamless interface. Traders get started in minutes with UPI and trade 24/7.

  • @jbrukh Jake BrukhmanOn X ↗

    Excited to announce our investment in @Mochatradeapp, which is bringing US stocks to the Indian market using perps. Congrats to the Mochatrade team on the raise, and to @flex4blox @einar_hb @jonrotbard for leading the round at @coinfund. https://t.co/uJQANkpdsR

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  • @wublockchain12 吴说区块链On X ↗

    获 Y Combinator 支持的美股永续合约交易平台 Mochatrade 累计融资 556 万美元，其中种子轮由 CoinFund 领投，Coinbase Ventures 等参投，69 万美元的 Pre-seed 轮由 Y Combinator 和 Pioneer Fund 支持。该平台面向印度交易者，支持通过 UPI 以卢比充值，杠杆做多或做空 Nvidia、Tesla、Apple…

  • @flex4blox Alex FelixOn X ↗

    US equities are a global asset, but access is still concentrated in a few countries. India has 230M+ demat accounts and a deep futures and options culture, yet taking a position on a US stock still means wiring money abroad.@Mochatradeapp lets traders fund in rupees over UPI… https://t.co/jgswLuil58

  • @USDCOn X ↗

    Great to see USDC in action for founders. Mochatrade received its $500K Y Combinator investment in USDC. Each transfer arrived in seconds, on a Friday evening. https://t.co/v0f6cV49bL

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