27 Sep '13, 1am

Singapore App Maker MyHero Raises $10M Series A For Its Stock Market Trading Gamification App, TradeHero

Singapore App Maker MyHero Raises $10M Series A For Its Stock Market Trading Gamification App, TradeHero

An app that lets people play the stock market without the risk of losing any real money has turned its virtual cash game into a pile of actual Benjamins, by closing out a $10 million funding round — one of the largest Series A rounds for a consumer startup in the region, it claims. The app in question, TradeHero , is made by a Singapore-based developer MyHero. Investors in the round are Kleiner Perkins Caufield Byers China fund (KPCB China) and IPV Capital . TradeHero users start out with $100,000 in virtual cash to spend, choosing which and how much stock to ‘buy’ — there are no live trades going on here, it’s a simulation — and getting to see whether their trading decisions would have panned out IRL because the app follows actual market movements. Dinesh Bhatia, CEO and Founder of MyHero Ltd, the holding company for the TradeHero iOS app , describes it a “financial liter...

Full article: http://techcrunch.com/2013/09/26/tradehero-series-a/

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