Beijing-based Tiger Brokers announced that it got an investment from Interactive Brokers Group recently, one of the largest electronic US online broker. The investment is not disclosed.
Tiger Brokers is a Chinese Fintech start-up focusing on online securities brokerage.
Tiger Brokers is a Chinese online securities brokerage start-up backed by Wall Street billionaire investor Jim Rogers. It offers an app to allow Chinese investors to trade on US stock markets, Hong Kong’s exchanges and in mainland shares. By providing US stock brokerage services to the global Chinese community.
Founding Rounds of Tiger Brokers
Founded in 2014 by Wu Tianhua, Tiger Brokers has raised more than $58.6M in its 4 rounds investments. It has received a series of fundraising from more than 20 strategic investors, including Wall Street investment guru Jim Rogers, CITIC Securities Goldstone Investment, Fund ZhenFund, Xiaomi and China Growth Capital.
Tiger Trade’s state of operation is working well.
Tiger Trade is now available in over 200 countries and regions around the world, claiming nearly 1 million users around the world. Last year, the annual turnover of Tiger Trade surged 30 times year-on-year to RMB 120 billion ($18 million) and the number is expected to rise 3.5 to 4 times in 2017.
Tiger Trade’s provides varies convenience services to help Chinese investors assign their assets.
Tiger Brokers provides real-time market quotes, streaming news feeds, stock investment tutorials and online stock trading services to Chinese investors. Besides, it shortens the margin account opening time by providing accounts both available in U.S., Hong Kong and domestic stocks.
All the works it did is to make trading easier for Chinese investors, especially in the situation that domestic stock market is still characterized by extreme volatility and Chinese investors has little knowledge about the overseas capital markets. It gives they more handy opportunities to assign their assets and benefit from global technology.
