KaChing Group Inc., which runs an online service that lets individual investors emulate the trading decisions of qualified skilled investors, has received $7.5 million in a financing round led by DAG Ventures.

Palo Alto-based kaChing launched its platform in October. The company charges users an average 1.25 percent annually, as compared to the 3 percent it says is common in mutual funds saving account payday loan.

The company previously raised $3 million from individuals including Marc Andreessen and Ben Horowitz of Andreessen Horowitz, Jeff Jordan, CEO of Open Table and former president of PayPal and various other well known venture capitalists.

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