8 Securities

wealthtech-retailrobo advisorsartificial intelligence/machine learning

STATUS: Acquired/Merged
FOUNDING YEAR: 2012
LOCATION: Hong Kong
Last Update: 19/01/2021

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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.

MEDICI Analysis

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:

China Growth Capital

China Growth Capital | CGC

Leitmotiv

Leitmotiv Private Equity

Mathias Helleu

Mikaal Abdulla

Route 66 Ventures

Velocity Capital Private Equity

Nomura Asset Management

KEY EMPLOYEES:

Mikaal Abdulla (CEO)

Mathias Helleu

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

company provided insights
Acquisitions

M&A

ACQUIRED BY

SoFi

ANNOUNCED DATE

Apr 2020

PRICE

---

company provided insights
Web Traffic

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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