Mochatrade has raised $5.56m in total, with CoinFund leading the seed round and Coinbase Ventures among participants; Y Combinator and Pioneer Fund backed a $690,000 pre-seed round. The platform, in testing with more than 20,000 people on its waitlist, lets Indian traders take leveraged long or short positions on US stocks such as Nvidia, Tesla and Apple, funded in rupees via UPI.
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