Beijing based online brokerage and fintech startup Tiger Brokers has just closed an $80 million Series C funding round from 4 investors consisting of Oceanpine Capital, Prospect Avenue Capital, Orient Hontai Capital and CreditEase in a funding round which values the 4 year old startup at $1.06 Billion marking a new addition to the Unicorn club from the rapidly growing and vast fintech market.

This new funding will go towards accelerating Research & Development and the acquisition of much needed talent for its global asset allocation platform according to the company’s founder and CEO Wu Tianhua.

Tiger Brokers has now raised a total of over $130 million across 3 funding rounds and counts Smartphone maker Xiaomi, ZhenFund, China Growth Capital and K2 Ventures amongst several others as its notable and previous backers.

The startup was notably founded in 2014 by Chinese entrepreneur Wu Tianhua who was long at major gaming company NetEase having been an early-stage founder of the Youdao search engine released by NetEase prior to his founding of Tiger.

The company’s software offers trading of stocks, bonds, options and exchange-traded funds with Tiger currently claiming a $150 Billion worth of trading volume on its app.

Tiger also offers an online community and various social media accounts which offers investment information and statistics which provides a good content base for the startup’s users.

This investment puts the company which counts a relatively huge market share in its space in the likes of several fintech companies which have raised huge funds amidst high valuations recently which include the $5.6 Billion commission-free trading startup Robinhood, Affirm, Klarna, AvidXchange, Revolut, NuBank and a host of others which are all valued hugely and have made big business with several financial innovations.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print