8 Securities
wealthtech-retail . robo advisors . artificial intelligence/machine learning
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About
We're blowing the world of investing wide open...and everyone is invited. We believe everyone deserves the same access to world-class investing as the big guys. Whether you are new to investing and need a little help or you are an experienced trader, we have the solution for you. Our mission is to use technology to make growing your money simpler, smarter and more affordable. 8 Limited has licensed offices in Hong Kong and Tokyo. We serve customers from around the world who entrust us with over USD 600,000,000. Our services are available in English, Chinese and Japanese.
8 Securities is an online/mobile stock trading firm that provides intelligent portfolio management platform for retail investors in Asia. The company offers Chloe app that helps investors to set up savings goals with an affordable and personalized investment plan to achieve them. It also offers the robo-advisor platform to banks and assets managers to extend its service to their customers. The minimum investment is HK $1,000 and cahrges no fees for accounts under HK$ 8,888.
Focus
PRODUCTS & SERVICES
It offers an AI powered chatbot for offering personalized investment recommendations to retail investors. Through the app, investors can choose personalized goals and start investments in exchange-traded funds. The stock trading app allows users to trade across the US, Hong Kong and Chinese equities.
REVENUE MODEL
It earns interests generated on the users deposits.
MAIN CLIENTS
Retail investors
Traders
Financial firms
Asset management firms
COMMENT
Chloe monitors the investment on a daily basis and uses machine learning techniques to better predict customers' goals and how much they need to save.
Traction
VALUATION / MARKET CAP:
$60 M in 2015
COMPANY TYPE:
For Profit
People
FOUNDERS
Mikaal Abdulla
BOARD MEMBERS AND ADVISORS
Mathias Helleu
Mikaal Abdulla
NUMBER OF EMPLOYEES
51-200
INVESTORS:
Velocity Capital Private Equity
KEY EMPLOYEES:
Mikaal Abdulla (CEO)
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
3
TOTAL FUNDING
$62 M
DATE OF LAST FUNDING
Apr 2018
IPO STATUS
Private
TOTAL FUNDING COMMENT
The company is planning to use the fund for future growth and potential of robo-advisory services in Asia including Japan(April 2018). .
ESTIMETED REVENUE RANGE
$10M to $50M
FUNDING SERIES
SERIES A · $12 M · Jun 2012
SERIES B · $25 M · Apr 2018
SERIES C · $25 M · Apr 2018
LISTED
NO
M&A
ACQUIRED BY
SoFi
ANNOUNCED DATE
Apr 2020
PRICE
---
Web Traffic
MONTHLY VISITS
5,166
AVERAGE VISITS (6 MONTHS)
9,059.33
MONTHLY VISITS GROWTH
-57.63%
VISIT DURATION
92
VISIT DURATION GROWTH
-50.56%
PAGE VIEWS VISIT
2.13
PAGE VIEWS VISIT GROWTH
-53.6%
BOUNCE RATE
51.16%
BOUNCE RATE GROWTH
19.96%
GLOBAL TRAFFIC RANK
2,283,562
MONTHLY RANK CHANGE
936,859
MONTHLY RANK GROWTH
69.57%
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