8 Securities gets $9 million investment from Series B funding, expands to Japan and China
As part of its expansion plans in Japan and mainland China, Hong Kong-based 8 Securities managed to raise $9 million in a Series B funding round. Velocity Capital and Leitmotiv Private Equity returned as its investors.
Through its trading portals, 8 Securities offers its users a one-stop dashboard solution that provides access to global stocks, exchange-traded funds, research and other market information. The company also has a team of relationship managers who assist users via email, live chat, telephone and social media networks.
CEO Mikaal Abdulla said the latest investment will be used to promote its latest Auto Portfolio as well as other social trading products, which is targeted toward a younger demographic.
In 2012, the company allegedly received $8 million in Series A funding from unnamed investor.