JAKARTA - Robo trading platform Lubna.io has raised an undisclosed amount of seed funding from East Ventures. In an official statement, the startup said the fresh funds would be used for product development and hiring a team of analysts.
Lubna.io analyses the fundamental and technical data of transactions with advanced algorithm system, which also facilitates retail investors to trade across multiple assets such as cryptocurrency and forex.
The platform also offers features to automate trading activities for novice investors, which can also be used by professional traders to automatically activate trading strategies.
“I see many retail investors, especially novices, having difficulties to achieve positive returns due to the lack of exposure and knowledge in investment,” said Lubna.io founder Kevin Cahya as quoted by DealStreet Asia, Thursday (2/5). “Robo trading is what we see as the solution.” (MS)