China: Citic Goldstone, Huagai Capital back $29m Series B in Tiger Brokers

Tiger Brokers Co, a Beijing-based online brokerage company, has raised up to $29 million (RMB 200 million) in a Series B funding round participated in by Citic GoldStone Fund Management Co Ltd, and Huagai Capital.

Others who joined the round were existing investors Zhen Fund, and China Renaissance K2 Ventures.

Founded in June 2014, Tiger Brokers, through its web securities and stock transaction platform, enables Chinese speaking investment professionals to invest in securities abroad, like trading on the Hong Kong and US stock main boards.

Also Read: India: Online brokerage RKSV Securities raises $4m from Kalaari Capital, others

The international securities startup just announced last week its expansion into Singapore, giving investors access to low-commission cross-border investment choices.

Tiger Brokers aims to use the proceeds for infrastructure development, and boosting its big data capabilities in a bid to advance further its online brokerage services.

Mainland China’s top securities brokers Citic Securities Co Ltd, parent firm of Citic Goldstone, shall serve as mentor of Tiger Brokers.

Also Read: FSS, Japan’s SBI Group to launch online brokerage in Thailand

Tiger Brokers CEO Wu Tianhua said growth in securities trading apps is an inevitable trend, in tandem with the accelerating popularity of smart phones and driven by the demand by Asia-based investors for a more globally diversified allocation of their assets.

“Our goal is to make Tiger Trade the app of choice for any Chinese speaking investor with an international investment portfolio,” Wu said.

Tiger Brokers last year raised $16 million in a funding round backed by China-based smartphone giant Xiaomi Inc, China Renaissance K2 Ventures, and Zhen Fund.

In addition to access to US and Hong Kong stocks, and China A-shares, Tiger Brokers claims to support transactions involving securities margin trading in addition to 13,000 US stocks, share options and ETF products.

Also Read:

India: Xiaomi leads $25m investment in digital media firm Hungama Digitalbrokerage

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.