Tiger Brokers Co secures $14m Series B

FinTech Collective

March 28, 2017

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FinTech Collective

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.

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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.

http://www.dealstreetasia.com/stories/china-growth-capital-leads-14m-funding-in-cyber-brokerage-tiger-brokers-68551/