Kazakhstani startup Paidax has attracted $600,000 in investments

The graduate of the RS Bootcamp acceleration program and the USAID project for the development of entrepreneurship and the business environment — the startup Paidax has attracted $600,000 in a Pre-seed round. The main investors were business angels from the banking and financial sectors, as well as the financial literacy academy InvestStudy, demonstrating high interest in the startup and its potential. Additionally, the startup was supported by Google, which allocated $112,000 in grants for the use of Google Cloud infrastructure.

Paidax is a social network focused on people interested in investments. The platform offers users the opportunity to share experiences, discuss strategies, and gain access to analytical materials, news, and financial advice. What makes Paidax unique is the company's broker license, which allows platform users not only to discuss investment ideas but also to execute trades directly.

The raised funds will be directed towards expanding the platform's functionality, improving user experience, and marketing activities aimed at attracting new users. Paidax plans to actively scale up, offering new opportunities for its users and strengthening its position in the financial market of Kazakhstan and beyond.