[Latest News] Longbridge Group Secures Additional USD $100 Million in Funding, Achieves Profitability and Accelerates Global Expansion of Its "Securities + Technology" Business Model

We are delighted to announce that Longbridge Group has successfully secured additional funding of over USD 100 million from multiple investment institutions, including a prominent Singapore consortium, following our Pre-A funding round. To date, we have raised a cumulative total of over USD 150 million. Leveraging our pioneering expertise in "Finance + Internet Technology," Longbridge has achieved rapid growth in the Hong Kong and Singapore markets in recent years, culminating in overall profitability. With this new funding, we will expedite our global market expansion, focusing on Singapore and Hong Kong as key hubs while extending our reach across the Asia-Pacific, European, American, and Middle Eastern markets.

In May 2021, Longbridge Group completed a USD 50 million Pre-A funding round led by Phillip Capital, among other institutions. Starting from Singapore, we have obtained over 21 financial regulatory licenses or accreditations across Singapore, Hong Kong, the United States, and New Zealand. In 2022, we introduced technology solutions tailored for securities firms in the Hong Kong market, establishing a dual-engine growth model driven by "Securities + Technology." Currently, Longbridge Group has achieved overall profitability, with its securities business demonstrating exponential growth. Meanwhile, the market share of our technology business in Hong Kong has surged from 0 to 16% in under two years, setting a remarkable benchmark in the fintech industry.

As a vertical segment with high complexity and significant upfront investment, the securities industry has traditionally seen low levels of technology penetration. By identifying global opportunities in the securities market and maintaining unwavering investment support from our stakeholders, we have successfully driven growth through our dual-engine strategy. This latest funding will be directed towards enhancing global trading infrastructure and networks, improving the securities trading experience, and accelerating our global market deployment.

Our securities business, Longbridge, is committed to offering affordable yet high-quality products, enabling more users to enjoy the intelligence and convenience brought by technology in investing. Since its launch, it has been well-received by investors worldwide, achieving the distinction of being the fastest internet brokerage to enter the Top 100 in trading volume on the Hong Kong Stock Exchange, with an annual trading volume exceeding USD 200 billion. It is also one of the fastest internet brokerages in Singapore, ranking among the Top 100 free financial apps on the App Store. As a leading internet brokerage, Longbridge provides global investors with one-stop investment services across Hong Kong, U.S., and Singapore markets, supporting a diverse range of financial products, including stocks, U.S. stock options, warrants, ETFs, REITs, and mutual funds. Through its "Got Answers" investor community and the industry's first implementation of large language models in financial applications, PortAI, Longbridge equips investors with cutting-edge AI tools, striving to become the premier global investment platform.

Our technology business, Longbridge Whale, operates on the "Securities as a Service" (SaaS) model, garnering widespread acclaim from brokerages across Asia. By 2024, we have signed over 80 brokerage clients in Hong Kong, Macau, Singapore, and Thailand, with more than 60 securities trading systems successfully delivered. In Hong Kong, our market share has swiftly risen to 16%. Longbridge Whale's next-generation securities trading solutions empower brokerages to reduce costs, significantly enhance user experience, and boost business competitiveness, enabling them to meet the challenges of technological advancements. Recognized for its innovative practices, Longbridge Whale has been honored with the Triple A Digital Awards from The Asset, a leading financial publication in Singapore, and the Best Wealth Management Technology Implementation award by The Asian Banker in 2024, underscoring its leadership in financial technology.

Established in March 2019, Longbridge Group was founded by a team of seasoned financial experts from the United States, Singapore, and Hong Kong, alongside technology specialists from leading global internet companies. Dedicated to building global trading infrastructure and networks, Longbridge aspires to become a trailblazer in financial technology innovation. With offices spanning nine global locations, including Singapore, Hong Kong, the United States, New Zealand, and Thailand, Longbridge Group employs nearly 400 professionals, 60% of whom are top-tier technology talents from leading internet companies. By introducing transformative technologies and concepts to the securities industry, we aim to drive digital transformation across the sector, delivering advanced fintech capabilities and exceptional investment platforms to investors and financial institutions worldwide.