Paidax raises $1 million
AI-powered digital investment platform Paidax has raised $1 million in a funding round that included DOMiNO Ventures, Philip Capital, White Hill Capital, and Aloqa Ventures.
Founded by Beksultanhozha Anuarov, Paidax gives users access to global stocks and exchange-traded funds (ETFs). The platform also offers investment education and features that let users follow other investors and learn from their strategies.
According to the company, Paidax has reached 45,000 users. Its monthly transaction volume ranges between $7 million and $9 million. Through Paidax, users can access more than 13,000 securities listed on over 26 exchanges worldwide.
Paidax also offers investment strategies prepared by experienced investors and options to trade in different currencies. The company aims to bring investment tools together with educational content and social features for learning from other investors on a single platform, reaching both new and experienced investors. With the new funding, Paidax plans to grow its user base, strengthen its position in Central Asia, and increase its presence in global markets.
DOMiNO Ventures Managing Partner Yağız Karadeniz noted that more than 90 million people live in Paidax’s target markets and emphasized the company’s potential to make access to global financial markets available to a wider audience. Karadeniz also said they believe the fintech market in Central Asia has growth potential and that Paidax could eventually expand into markets outside the region.
