8 Securities

wealthtech-retailrobo advisorsartificial intelligence/machine learning

STATUS: Acquired/Merged
FOUNDING YEAR: 2012
LOCATION: Hong Kong
Last Update: 10/07/2020

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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:

China Growth Capital

China Growth Capital | CGC

Leitmotiv

Leitmotiv Private Equity

Mathias Helleu

Mikaal Abdulla

Route 66 Ventures

Velocity Capital Private Equity

KEY EMPLOYEES:

Mikaal Abdulla (CEO)

Mathias Helleu

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

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2012

LOCATION:

Hong Kong

Views:

214 VISITORS | 531 VIEWS
LATEST FUNDING ROUND

$42 M

TOTAL EMPLOYEES
51-200

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.

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