Trading platform FnO gets $2million

BENGALURU : Fintech startup built for futures trading FnO has raised $2 million in an angel round.

The firm did not disclose the names of the investors but confirmed that top executives of banks, financial services, asset management and consumer internet companies invested in their personal capacities. It wants to develop a platform for trading in futures and options for retail customers.

It intends to use the funds to launch the product in India and take it to other geographies. Futures and options is a trading mechanism where traders enter into a contract on a future price of stocks or products and may rack up or lose money depending on the price fluctuations.


“Our first product is for novice traders, which is a product with built-in risk management. We also have a premium product for expert traders that will be launched concurrently,” said Vishesh Dhingra, CEO, FnO.