Jakarta-based automated trading platform, Lubna, has secured an undisclosed amount of seed funding from venture capital firm East Ventures.
Lubna, which caters for both professional and novice traders, uses advanced algorithm system that analyses the fundamental and technical data of transactions.
The startup leverages on this technology to automate its customers’ trading activities and strategies. Through its platform, Lubna allows its users to monitor their trades, check analyses, and receive notifications when the trading bot makes a move. This platform helps a lot in automating these processes and to accelerate the participation of the young population to invest, and to trade with ease.
Lubna intends to use the newly acquired fundings to further develop its products, expand its team, and support the launch of its service across other financial assets including cryptocurrency, forex, and commodities.