Great news for 8 securities! Mikaal Abdulla, founder of stock trading startup 8 Securities, is feeling bullish today after pocketing his biggest-ever round of funding.The US$25 million invested is the first time in four years that Abdulla has taken funding for his fledgling fintech empire.“Our last round was in the summer of 2014. We used that capital to develop Chloe and Tradeflix,” he told Tech in Asia, referencing the startup’s robo-advisor, which launched in 2016, and the commission-free stock trading service that rolled out last October.
Mikaal Abdulla, founder of stock trading startup 8 Securities, is feeling bullish today after pocketing his biggest-ever round of funding. The US$25 million invested is the first time in four years that Abdulla has taken funding for his fledgling fintech empire. “Our last round was in the summer of 2014. We used that capital to develop Chloe and Tradeflix,” he told Tech in Asia, referencing the startup’s robo-advisor, which launched in 2016, and the commission-free stock trading service that rolled out last October. “We decided to raise a larger round now in order to invest much more in marketing and to expand our software development team. We have – to date – not invested materially in marketing, but given the strong traction we want to press the accelerator now,” he added.
https://www.techinasia.com/stock-trading-startup-8-securities-funding
