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StockViva, a Hong Kong-based fintech platform, has raised US$3 million in a series A round from Farquhar VC, Kharis Capital, and other angel investors.
The new round follows a US$2 million investment from Alibaba Hong Kong Entrepreneurs Fund, K3 Ventures, and individual investors across Asia, StockViva said in a statement.
The fintech startup is targeting the growing number of retail investors in Hong Kong, Taiwan, and Southeast Asia. The total number of retail investors in these markets will grow to 42 million by 2030, according to the company’s estimates.
StockViva provides real-time investment analysis from a pool of experts – or key opinion leaders (KOLs), as the firm calls them – on stock trading in Hong Kong, Taiwan, the US, and other foreign exchanges. The KOLs can build their fan base and reputation by engaging with retail investors on the platform.
The company said that in 2021, its revenue grew 122% while its trading volume surged 932%.
StockViva was set up in 2018 by Chi Ho Law and Samuel Wan. Apart from operating in China, Taiwan, and Singapore, it is also available in New Zealand under the name MeowMeow.
The startup plans to use the fresh capital to support its KOL community and accelerate hiring and improve the user experience on its platform.
Other investors in this round include: