Xiaomi-backed cross-border broker joins unicorn ranks

Having ridden the US bull market, Tiger Brokers has sealed a series-C round of funding that values it at more than $1 billion.

China has a new fintech unicorn Xiaomi-backed online stock brokerage startup Tiger Brokers, which on Wednesday closed a Rmb500 million $75 million series-C round of funding, giving it a total valuation of $1.06 billion.

Several investors including Prospect Avenue Capital, Orient Hontai Capital and Oceanpine Capital participated in the round, the company said on its WeChat account.

“We see a dominant internet gene in Tiger,” Ming Liao, a founder partner of Prospect Avenue Capital, referencing the company's technological strengths. 

Tiger's tech credentials, together with its experience covering global markets, made it a new breed of broker well positioned to...

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