Spiking, a Hong Kong-based fintech that’s blockchain platform allows traders to find Whales (i.e. key executives behind cryptocurrency tokens, mining pools and/or large holders) and follow their cryptocurrency trades, successfully secured $30 million through its oversubscribed private token sale. Founded in 2016, Spiking stated it aims everyday investors with verified trading information through its real-time updates on the big stock players. Spiking is supported by Quest Ventures, CRC Capital, Mars Blockchain, J Capital, and Jove Capital.
“Spiking is the newest app to excite the financial technology community, bringing transparency to the Singapore, Malaysia and Hong-Kong stock exchanges through real-time verified information on trades made by the big-time sophisticated investors. In short, we help you invest smarter.”
According to Spiking, the new token buyers are led by Dr. Charlie In, the chairman of an associate of an undisclosed financial company with interest in segregated fund portfolio management, electronic monetary institution, deposit-taking company, pre-IPO investments, investment portal and wealth planning. With more than 40 years’ experience in the chairmanship of major companies, Dr. In provides governance, investment oversight and market access to Spiking. Dr. In will also be taking on an advisory role on Spiking. Speaking about the investment round’s success, Dr. Clemen Chiang, CEO of Spiking, stated:
“We are humbled by the huge demand for Spiking’s tokens which resulted in the over-subscription. With this momentum, public buyers can look forward to the initial exchange offering on Kryptono Exchange next month, which is an industry leading crypto exchange.”
Spiking added it has more deals and developmental progress planned in the pipeline as it prepares for the public sale on November 22nd.