Beijing baed online brokerage firm Tiger Brokers co has secured $14m in Series B funding led by China Growth Capital. Tiger Brokers provides brokerage services to people trading in both local and overseas exchanges.
The cyber brokerage firm now plans to develop its US stock exchange presence, and upgrade its products. Tiger Brokers recently launched its Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect services, allowing users to trade across Hong Kong, US, and domestic stocks on one account. The company’s annual transaction value last year hit $17 billion. Last December, Tiger Brokers raised $29 million in series B round from CITIC GoldStone Fund Management Co Ltd, and Huagai Capital. It received $16 million financing in 2015 led by Chinese smartphone maker Xiaomi Inc.