8 Securities
wealthtech-retail . robo advisors . artificial intelligence/machine learning
Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!
About
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
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
TOTAL FUNDING
$42 M
DATE OF LAST FUNDING
Apr 2018
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). .
FUNDING SERIES
SERIES A · $8 M · Jan 2012
SERIES B · $9 M · Aug 2014
SERIES C · $25 M · Apr 2018
LISTED
NO
Sign up for a 30- day free trial with MEDICI Inner Circle to follow and track profiles you care about.
Related Companies
Tapeke is a client side encrypted personal finance application designed for users of bitcoin and other cryptocurrencies. Its user can set up dashboards with the preferred l...
Investable is an invite-only platform that connects professional investors to high growth start ups.
MoneyHero.com.hk is a brand of CompareAsiaGroup, provides an online comparison platform which enables users to compare between various financial products like personal loan...
STATUS:
FOUNDING YEAR:
LOCATION:
Views:
$42 M
About
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.
8 Securities
About
Momentum
FUNDED
NO
LISTED
NO
Other