A one-stop digital investment platform Moomoo is to launch in Australia, the company will provide Australian investors with premium online investment services.
Moomoo said it has been on a path of exponential international growth and Australia marks its third expansion overseas after a successful launch in the US and Singapore.
The company made the announcement after its affiliated company secured an Australian Financial Services License granted by the Australian Securities and Investments Commission (ASIC) through an acquisition.
As a tech-driven digital investment platform, Moomoo’s mission is to make investing easier and more social. The company offers a free online account-opening experience, a combination of technologies spanning stock trading and market data, an interactive online community of 17 million investors worldwide, and tools that enable the community to share their investing insights anytime, anywhere.
In the US, Moomoo said it has resonated with sophisticated and retail investors alike, with powerful yet user-friendly tools capable of guiding even professional traders toward more informed decisions.
Since entering the Singapore market, Moomoo has attracted over 220,000 registered users and more than 100,000 paying clients in less than three months. Within just six months of its launch, Moomoo’s market share of retail investors in Singapore neared 15%. As of Q3, Moomoo said it has become one of the fastest growing one-stop investment platforms in Singapore, constantly holding a place among the top three financial apps as measured by download volume.
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