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TigerWit secures $5m investment

Fintech firm TigerWit, which is licensed in The Bahamas, has announced that it has secured a $5 million investment from US technology investment firm Susquehanna International Group (SIG). This capital will enable TigerWit to further advance its mobile-focussed trading technology and invest in new innovative technologies. 

Source:
Date:
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TigerWit Group
Thursday, March 1, 2018
Thursday, March 1, 2018

TigerWitLONDON, March 1, 2018 /PRNewswire/ — Fintech firm TigerWit is pleased to announce that it has secured a USD 5 million investment from US technology investment firm Susquehanna International Group (SIG). This capital will enable TigerWit to further advance its mobile-focussed trading technology and invest in new innovative technologies to enhance the client trading experience.

“We are delighted that by taking this stake in TigerWit, SIG recognises the company as a leader in the provision of financial trading technology for retail investors around the globe. It is incredibly exciting to have them join the business as an important stakeholder. We will be using the investment to build upon TigerWit’s expanding global footprint and offer investors the best trading experience available whilst harnessing new technologies such as blockchain to underpin our innovation,” said Summer Xu, CEO and co-founder of TigerWit Group.


Tim Gong, MD of SIG Asia Investment, said, “The stake we have taken in TigerWit is driven by the technology they have built to make trading more immersive and intuitive. We have been very impressed by Summer and her team who are fully committed to making TigerWit the provider of choice for retail investors. Their client-centric approach, focusing on protection as much as user experience, made them really stand out and we are delighted to be backing them with our investment.”

The Group is investing heavily in blockchain technology to bring further innovation to the retail broking space. With a key feature of blockchain being its immutability, TigerWit believes its application of the technology will help build even greater trust in the market and in its brand. TigerWit looks forward to updating stakeholders with progress on this project later in 2018.

Deputy Prime Minister and Minister of Finance Peter Turnquest attended the 7th Annual Consultation Meetings with Caribbean Governors of the Inter-American Development Bank and participated in a panel discussion led by Sir Richard Branson.

Minister of Financial Services, Trade & Industry and Immigration Brent Symonette, says that steps are being taken to grow and sustain the financial services sector. The Minister made the remarks during his opening speech at the 15th annual International Business and Finance Summit.

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