8 Securities

8 Securities

wealthtech (retail) | robo advisors | artificial intelligence/machine learning
website linkedin address
  • FOUNDING YEAR: 2014
    LOCATION:
    Hong Kong
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    Japan

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Mikaal Abdulla, Mathias Helleu
Board Members and Advisors:
Mathias Helleu, Mikaal Abdulla
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
China Growth Capital, Leitmotiv Private Equity, Route 66 Ventures, Velocity Capital Private Equity, Mathias Helleu, Mikaal Abdulla, Leitmotiv
KEY EMPLOYEES:
Mikaal Abdulla (CEO)

TRACTION

VALUATION / MARKET CAP:
$60 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$54 Millions
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
$20 Millions Closed: Jun 2012
SERIES B
$9 Millions Closed: Aug 2014
SERIES C
$25 Millions Closed: Apr 2018
LISTED:
NO

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