Xiaomi-backed fintech developer Fumi Technology has received $36.3m in funding from Gopher Asset.
Fumi Technology, a China-based security trading data platform backed by smartphone producer Xiaomi, obtained RMB250m ($36.3m) in funding on Friday from Gopher Asset, a venture capital division of wealth management firm Noah Financial Wealth Management.
Founded in 2016, Fumi Technology has developed a commission-free securities brokerage called Webull and operates a real-time securities trading data and financial market analysis platform for individual investors. The company is active in Hong Kong and the US.
The funding will go towards product development,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
