London-based fintech firm TigerWit announced on Thursday it secured a $5 million investment from US technology investment firm Susquehanna International Group (SIG). According to the company, the funds will go towards further advancement of its mobile-focused trading technology and invest in new innovative technologies to enhance the client trading experience.
Founded in 2015, TigerWit has developed its own proprietary mobile trading app and copy trading platform. Its main priority is to ensure that clients are safeguarded with the “best” protection and practices available to retail investors. TigerWit has trading offices in London and Nassau and its technology development teams are based in Beijing. Summer Xu, CEO and co-founder of TigerWit Group, stated:
“We are delighted that by taking this stake in TigerWit, SIG recognises the company as a leader in the provision of financial trading technology for retail investors around the globe. It is incredibly exciting to have them join the business as an important stakeholder. We will be using the investment to build upon TigerWit’s expanding global footprint and offer investors the best trading experience available whilst harnessing new technologies such as blockchain to underpin our innovation.”
Tim Gong, MD of SIG Asia Investment, added:
“The stake we have taken in TigerWit is driven by the technology they have built to make trading more immersive and intuitive. We have been very impressed by Summer and her team who are fully committed to making TigerWit the provider of choice for retail investors. Their client-centric approach, focusing on protection as much as user experience, made them really stand out and we are delighted to be backing them with our investment.”