Tiger Brokers adds another $14m to Series B round

Chinese online brokerage Tiger Brokers has tacked on another $14m to its Series B round.

China Growth Capital led the Series B+ round for the Beijing-based company.

Zhen Fund also contributed to the funding that comes as an addition to the $29m Series B Tiger Brokers raised in December.

The new capital brings the total raised by Tiger Brokers to $58.6m with it previously picking up $15.6m in a Series A round led by Chinese smartphone giant Xiaomi.

Tiger Brokers was founded in 2014 and aims to offer an online overseas security trading platform aimed specifically at Chinese investors.

Its platform is designed to support features such as one-click short selling, personal profit and loss analysis, stock option trading and real-time quotes.

It claims its annual transaction value reached $17bn last year.

Tiger Brokers will use the capital to build up its presence on the US stock exchange and further develop its online products.

Copyright © 2017 FINTECH GLOBAL

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