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Beijing based online brokerage company Tiger Brokers Co has raised $29m in Series B funding led by Citic GoldStone Fund Management and Huagi Capital. Tiger Brokers is an online brokerage startup that caters to Chinese investors wanting to invest in overseas securities, particularly stocks listed on the U.S. and Hong Kong exchanges. Launched in 2014, its app, ‘Tiger for US Stocks’, is characterized by a Chinese interface and supports multiple features like one-click short selling.
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. 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.
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