MUFG Innovation Partners invested in Gotrade.
Apr 5, 2022 – MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), the leading global financial group of Japan, recently invested in Gotrade Financial Inc. (Gotrade), app based stock investing platform.
The company was founded in 2019 by Rohit Mulani, Norman Wanto and David Grant with the mission to make the US stock investing accessible to everyone, everywhere. With zero marketing, the app has attracted over 500,000 users – with close to 90% of them being new to the US stock market. Gotrade users have transacted more than 5 million trades.
Gotrade plans to grow its team of 40 and launch localized versions of its product in various markets, starting with Southeast Asia.
Through this investment, MUFG will support the expansion of the growing U.S. equity trading market in Indonesia and Southeast Asia, and strategic partnerships with MUFG and its clients.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 locations in more than 50 countries. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to ““Committed to empowering a brighter future.” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english
Gotrade is a mobile app based stock investing application that enables users to invest as little as $1 in fractional shares of US stocks and ETFs on an easy-to-use, commission-free platform. It was launched in 2019 with the vision of making investing fun, fair and simple for everyone, everywhere. It has racked up over 500,000 users in its first year.