# Stockal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stockal

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.stockal.com
- Total disclosed funding: $9M
- Latest round: Series A (Apr 14, 2022)
- Investors on record: 9

## About

Based in New York, US and founded in 2015 by Sitashwa Srivastava and Vinay Bharathwaj, Stockal Inc., a.k.a. Borderless Investing Inc operates as a digital infrastructure company that enables investors to make investments across borders. The company employs more than 50 people. In May 2021, Stockal Inc. raised USD 3 million in venture funding led by ScaleX Ventures, with participation from other investors Cadenza Capital Management, Credence Family Office, July Ventures, Kristal.AI Technologies, and Tracxn Labs.
In October 2021, HDFC securities and HDFC bank have invested USD 1 million in the company. In addition, Stockal has a presence in over 40 countries, including UAE, India, Singapore, Oman, USA, Kuwait, France, UK and more. As of October 2021, the company has about 82,000 investors who have made the transaction of about USD 378 million through Stockal platform. 

Stockal Inc. offers cross-border money transfer logistics, local compliance facilitation, reporting, investing front-end infrastructure, distribution and investing education. In addition, the company’s products include stocks and ETFs, stacks, and cash management

The company generates revenue from a mix of trading and subscription charges. For an annual subscription of INR 3,999, it charges USD 1.99 per trade and for a higher subscription fee of INR 13,999 a year, the company charges one cent a share for a trade. 

The company plans to use its proceeds from May 2021 to fuel its expansion to Southeast Asia and develop new services tailored to each market. In addition, the company plans to use the proceeds from October 2021 to enable Indian investors to get opportunities in the global markets and expand its capabilities in European and South-East Asian markets.

## Funding rounds

- Series A, Apr 14, 2022, $9M — PEAK6 Investments, Hashed Ventures, RiSo Capital, A'Z Angels, Trica, 7Square Ventures, Czar Capital
- Seed, Jul 5, 2017 — LVX, SucSEED Venture Partners

## Investors

- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- SucSEED Venture Partners (https://capitalatlas.ai/funds/sucseed-venture-partners) — Seed
- PEAK6 Investments (https://capitalatlas.ai/funds/peak6-investments) — Series A
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series A
- RiSo Capital (https://capitalatlas.ai/funds/riso-capital) — Series A
- A'Z Angels (https://capitalatlas.ai/funds/a-z-angels) — Series A
- Trica — Series A
- 7Square Ventures (https://capitalatlas.ai/funds/7square-ventures) — Series A
- Czar Capital — Series A