The platform allows users to automate their trading of multiple financial assets at once

Indonesia-based robo-trading platform Lubna.io announced today that it has raised seed funding from East Ventures. The company said that it will use the funding for further product development, add talents to its analyst team and launch their service.

Lubna.io stated that its mission is to provide a one-stop solution for retail investors, from the most novice to professionals.

In specifics, Lubna.io aims at the novice users by offering a range of trading bots that use tested algorithmic systems, allowing users to automate their trading activities on the user’s brokerage account.

As for professional traders, Lubna.io allows them to automate their trading strategies and doing so while earning extra cash lending their automated trading strategies to novice traders.

Lubna.io’s dashboard lets users check both fundamental and technical analyses of their trades, receive real-time push notifications whenever the robot executes, and view all their trades and historical positions.

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The bots’ use in the trading process helps users to trade without being overwhelmed with data. It also uses artificial intelligence to process all the data before making each trading decision so the investing won’t be emotionally compromised.

Lubna.io was founded by its Co-founder and CEO Kevin Cahya, who had a full-time stint at East Ventures when he came up with the idea while doing trading since 2015.

“It’s almost impossible for retail investors who have a full-time job like me to achieve maximum profit as we are unable to monitor our portfolios all the time. Furthermore, I see many retail investors, especially novices, having difficulties to achieve positive returns due to the lack of exposure and knowledge in investment. Robo trading is what we see as the solution,” said Cahya.

Lubna.io’s team consists of Eddy Hartanto and Arthur Soerjohadi – the company’s Co-founder and Advisor, respectively, both with strong trading background brought to the table.

Lubna.io claimed that it’s the first crypto robo-trading in Southeast Asia. It currently serves multiple financial assets including cryptocurrency, forex, and commodities.

Lubna.io’s achievement includes its tested and proven bots activity statistically, scoring 48 per cent winning rate from a total of 288 transactions it made in two months, giving investors a profit gain of up to 143 per cent, Cahya claimed.

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Lubna.io had launched its first mobile application in Google Playstore and in the process to serve iOS users.

“Lubna is at a great position to accelerate the participation of young population to invest, seeing how trading cryptocurrency is attractive mainly because the arena has a low barrier of entry: fast and simple process, from onboarding up to withdrawing money back to the bank account,” said Melisa Irene, Partner of East Ventures, regarding this investment.
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