Tiger Brokers catches Xiaomi for $15.7m round

Sep 1, 2015 • Robert Lavine

The online brokerage service, launched in June 2014, has closed a series A round led by smartphone maker Xiaomi.

Smartphone manufacturer Xiaomi has invested RMB 100m ($15.7m) in a series A round for China-based online brokerage Tiger Brokers, according to Tencent Tech.

Founded in June 2014, Tiger Brokers operates an online brokerage service for Chinese investors looking to put money into securities in US and Hong Kong stock markets. The startup has since grown to almost 100 employees.

Xiaomi’s participation in the company follows investments in other China-based online finance companies including online lending marketplace Jimubox, which raised…

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