Fxkart.com operates an online platform that aggregates foreign exchange dealers to streamline consumer forex transactions and improve the user experience. The company announced a forex booking mobile app showcasing 500+ dealer locations with geolocation, instant chat and deal-tracking features. Fxkart.com FZ LLC is a UAE free-zone company with its R&D centre in Bengaluru. The business raised $2M in seed funding to expand its dealer network across India and to enhance its IT infrastructure. Backers in this round included founder Dr. Mushtaq Shah and strategic advisor Dr. Faraz Naqvi in their private capacities. The platform emphasizes dealer-network expansion and technology investment to scale its marketplace and mobile offering.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2015