Mochatrade Raises $5.56 Million as Y Combinator Invests $500,000 in USDC

Mochatrade secured $5.56 million through two funding rounds to expand an India-focused platform where users can deposit rupees and trade contracts tied to U.S. stock prices. The total includes a $690,000 pre-seed round backed by Y Combinator and Pioneer Fund, followed by a $4.87 million seed round led by CoinFund. Coinbase Ventures and Nicky Montana, a general partner at Zero Knowledge Ventures, also participated in the seed round. Mochatrade raised the seed funding through SAFE agreements and did not disclose a valuation. Y Combinator’s $500,000 investment was made entirely in USDC and settled on Coinbase’s Base network in early October.

Source: TokenPost