Investment Platform Stockal Raises $9m in Series A Round

Investment platform Stockal, which is headquartered in New York and has an India office in Bengaluru, will be using a new funding round to expand its reach and enter the Southeast Asia market.

Building global leadership

Stockal is a cross-border investment platform, has raised $9 million as part of its Series A round of funding.

The investors in this round include Hashed, PEAK6, ARC Group Ventures, Trica, 7Square, AZ Ventures, Czar Capital, Riso Capital, and existing investors of Stockal.

Stockal, which is headquartered in New York with an India office in Bengaluru, will be using this funding round to expand its reach and enter the South East Asia market. It already has a presence in the MENA region, with an office in Dubai and partnerships the in UAE, Oman, and Bahrain.

Stockal Founders Sitashwa Srivastava and Vinay Bharathwaj said, “The last couple of years have highlighted that there is tremendous appetite among retail investors to make their money borderless and they will make the leap provided the required ecosystem is available. We are working very closely with banks and regulators in all our markets to make Stockal an extremely seamless platform."