<article>Singapore-based fintech startup Spiking has secured $30 million in an oversubscribed private token sale led by Raffles Financial executive director Charlie In, it said in an announcement today.</article>

Singapore-based fintech startup Spiking has secured $30 million in an oversubscribed private token sale led by Raffles Financial executive director Charlie In, it said in an announcement today.
The startup said In, who is also Raffles Capital and Sequoia Capital (Hong Kong) chairman, will take on an advisory role at Spiking, providing governance, investment oversight and market access to the startup.
&#8220;Spiking is well-positioned to seize the untapped opportunities in the cryptocurrency market. In particular, Spiking understands the big whales by tapping into financial technology for stocks and blockchain technology for cryptocurrencies. This is a valuable resource for price analytics,&#8221; said In.
Launched in April 2016, Spiking claims that it has a customer base of more than 180,000 investors. The fintech stock trading app is now building a solution to track trades of cryptocurrency &#8216;whales&#8217; or holders of substantial crypto assets.
Subsequent to the funding round, the startup will set up its blockchain asset validation and AI-driven crypto trading infrastructure in Hong Kong. Its public token sale will take place on November 22, 2018.
&#8220;We are humbled by the huge demand for Spiking&#8217;s tokens which resulted in the oversubscription. With this momentum, public buyers can look forward to the initial exchange offering on Kryptono Exchange next month,&#8221; said Spiking CEO Clemen Chiang.
It raised a seed round, also over-subscribed, at S$1.03-million ($750,000) in 2016 and an S$1.2-million ($870,000) pre-Series A this August.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/spiking-sgshop-funding-105411/">Asia Digest: Spiking raises $875k pre-Series A; SGshop taps equity crowdfunding</a>
<a href="https://www.dealstreetasia.com/stories/53620-53620/">Singapore: Spiking closes oversubscribed seed round of S$1m</a>

Subsequent to the funding round, the startup will set up its blockchain asset validation and AI-driven crypto trading infrastructure in Hong Kong.

SG's fintech startup Spiking raises $30m in private token sale

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SG's fintech startup Spiking raises $30m in private token sale

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