Latest fundraising brings fintech brokerage a valuation of US$1.06 billion
Tiger Brokers, an online securities brokerage backed by Wall Street billionaire investor Jim Rogers, said its latest fundraising round had valued it in excess of US$1 billion, making it the latest start-up to join China’s booming club of unicorns.
The company successfully closed a US$80 million Series C financing, bringing the company’s valuation to US$1.06 billion, the Chinese fintech stock brokerage said in a press release on Wednesday. The latest round was a co-investment led by Prospect Avenue Capital (PAC), Orient Hontai Capital and Oceanpine Capital. A unicorn is a privately held start-up company with a current valuation of US$1 billion or more.