Miguel Cordon · · 1 min readIndonesian ‘robo-trading’ startup bags seed funding from East Ventures
Automated trading platform Lubna nabbed an undiscl0sed amount in a seed round from venture capital firm East Ventures.
Lubna founders Kevin Cahya (left) and Eddy Hartanto / Photo credit: Lubna
The “robo-trading” company uses its technology to automate its customers’ trading activities and strategies. Through its mobile app, Lubna lets users monitor their trades, check analyses, and receive notifications when the trading bot makes a move.
The startup will use the proceeds from the funding to further develop its product, hire new team members, and support the launch of its service for other financial assets. It started operations with cryptocurrencies.
Lubna also announced that co-founder Eddy Hartanto and Arthur Soerjohadi will be chief technology officer and advisor, respectively. They will work alongside Lubna co-founder and CEO Kevin Cahya to develop the platform’s services. Hartanto previously served as a senior software engineer at US firm Rearden Commerce, while Soerjohadi was country director at Marvell Semiconductor Indonesia.
Editing by Charmaine de Lazo
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
