Financial Software Solutions Provider Tardelab Raises Rs 2.5Cr from Incubator Rainmatter

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Bengaluru-based startup, Tradelab which develops software products for financial services firm, has raised Rs 2.5 crore from Rainmatter, a financial technology incubator.

Started in 2012 by two IIT alumni, Tradelab acts as a trading platform and provides analytics, allowing not just brokers but regular people also to trust online brokering. Its software products include Cyrus (configurable low latency algo trading platform), Pi (integrated trading and charting platform), and Esim (paper trading on simulated market competition).

The new trading platform Pi has been developed for discount brokerage firm Zerodha. Tradelab had got series A funding from Straddle Capital.

Rainmatter is an incubator, which currently houses seven companies. It has also invested Rs 25 lakh each in Opentrade Financial Services and Inherit LLP, two Bengaluru-based financial technology startups that are still in beta phase. It provide well equipped workspaces, mentorship, and funding ($100-500K) to technology startups.

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