sofi 8 securities

target_type: 'mix' If you continue to use this site we will assume that you are happy with it and agree to our terms of service. We use cookies to ensure that we give you the best experience on our website. The acquisition, still subject to closing conditions, will enable the launch of SoFi Invest in Hong Kong. Following the closing of the deal, the 8 Securities platform will be rebranded as SoFi and will be available to residents in Hong Kong, in compliance with all applicable laws and regulations. Log in to add your anonymous rating. SoFi said that by localising its brand in Hong Kong, it will continue to serve existing 8 Securities’ customers apart from expanding to an increasing member base. Targeted to personal investors, 8 Securities will rebrand to SoFi Hong Kong and retain its team, who will began launching … SoFi, a US-based online personal finance company, today announced that it has acquired Hong Kong-based mobile stock trading startup 8 Securities, which will now be rebranded as SoFi Hong Kong. SoFi CEO Anthony Noto said: “We underwent an extensive evaluation process when considering our first international market, and it was clear that Hong Kong, a financial capital of Asia, is ripe for innovation and a launching pad for further expansion in both product and geography. Meanwhile, for the lending side, Noto said they have become more cautious as to how and when they lend. Real Estate 8 Securities: Broker to trade US and Hong Kong Stocks (read here) So yes, 8 Securities does not have holding fees, if I am to buy and hold Hong Kong or US stocks (being a foreigner not residing in HK or US respectively buying these stocks). The company's platform offers a personalized trading platform with access to global stocks and exchange traded funds, market … The company was founded by ETrade veterans Mathias Helleu and Mikaal Abdulla. We have over 1 million global customers who put their trust in SoFi. Ben Ng April 28, 2020 06:00. “SoFi brings Hong Kong a much-needed and fresh alternative to the current banks and brokers that never seem to evolve.”. The company has a track record of innovation and was Asia's very first mobile-only investing service, robo … Financial terms of the deal were not disclosed. Contact Us SoFi Sees Record Number of New Accounts, SoFi Appoints Airbnb Vice President & General Manager Clara Liang to the Board of Directors, SoFi CEO Anthony Noto: We Now Offer Crypto Investing, Adds Trading in Bitcoin, Litecoin and Ethereum, SoFi Closes on $500 Million Round Led by Qatar. Consumer financial services platform SoFi is making its first expansion outside of the United States with the acquisition of Hong Kong-based investing app 8 Securities. Helleu and Abdulla decided to break out on their own and build a new investing platform targeting younger investors. Featured Headlines The State of Food Security and Nutrition in the World is an annual flagship report jointly prepared by FAO, IFAD, UNICEF, WFP and WHO to inform on progress towards ending hunger, achieving food security and improving nutrition and to provide in depth analysis on key challenges for achieving this goal in the context … 8 Securities will be rebranded as SoFi Hong Kong as a result of the acquisition.. 8 Securities was a leading mobile investing and robo-advisory service in Hong Kong . ‎With SoFi it’s simple. The company has raised over US $60 million in venture capital and claims to be one of the “fastest-growing Fintech companies in Asia.”, In a release, Noto said they underwent an extensive evaluation process before considering their first international market and Hong Kong was considered “ripe for innovation and a launching pad for further expansion in both product and geography.”. Digital Assets Insider® Consumer financial services platform SoFi is making its first expansion outside of the United States with the acquisition of Hong Kong-based investing app 8 Securities. SoFi announced they will be merging with a SPAC in order to go public at a $9 billion dollar valuation at the end of the first quarter of 2021. SoFi has also launched SoFi Invest in Hong Kong, which is said to be a comprehensive investing platform that provides access to brokerage, automated investing, and ETFs, all within its app ecosystem. He added, "SoFi's commitment to enter Hong Kong is a big vote of confidence in 8 Securities and in our city." CI on Telegram, Categories Support: [email protected] Politics About Us Terms of Service Global 2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA/ SIPC, (“Sofi Securities 8 Securities is claimed to have tens of thousands of customers across more than 50 countries. NanoVMs, the unikernel infrastructurecompany that runs software faster andsafer than Linux has launched aninvesting campaign with StartEngine.The startup has already raised over ... Wallet Factory and Belize Bank to build a mobile payment platform and digital wallet in Belize. Download our app, open an account quickly and easily, and trade over 15,000 US and Hong Kong stocks for free. Crowdfunding Portals SoFi Acquires 8 Securities in Hong Kong. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. container: 'taboola-below-article-thumbnails', Crowdfunding Guide The entrepreneurs saw an opportunity to provide a service that was better than traditional finance by removing complex products and high transaction fees and hidden costs. The acquisition marks SoFi’s first entry into international market. Consumer financial services platform SoFi is making its first expansion outside of the United States with the acquisition of Hong Kong-based investing app 8 Securities. With the acquisition, 8 Securities will rebrand as SoFi Hong Kong and mark SoFi’s its international foray outside of the US Please verify your address ( ) — click the link in your verification email. 8 Securities reports “tens of thousands of customers in over 50 countries. The company did not disclose any financial details of the acquisition. Women Changing Finance, Services 8 Securities (acquired by SoFi) Financial Services Hong Kong, Central 2,779 followers One app. CI on Facebook The move marks SoFi's first international foothold outside the U.S. SoFi, founded in 2010, also offers student loan refinancing, personal and home loans, mortgage, and … The terms of the acquisition were not immediately available. Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC. [HONG KONG] Social Finance Inc has acquired 8 Securities, a Hong Kong mobile investing startup, marking its first expansion outside of the US. American digital lender SoFi is expanding into Asia after buying the parent firm of Hong Kong-based online brokerage 8 Securities, the firm announced today. This marks SoFi’s first international foothold outside of the US. Lulu Yilun Chen. SoFi is launching its international presence in the Hong Kong market based on its acquisition of the parent of online brokerage firm 8 Securities, … The terms of the deal were not disclosed. Apr 22, 2020 Hubbis. SoFi Acquires Hong Kong’s 8 Securities in First Global Push By . The acquisition of 8 Securities marks SoFi’s … }); Crowdfund Insider is the leading news and information web site covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain peer-to-peer / marketplace lending and other forms of Fintech. SoFi Unveils Auto Loan Refinancing Options on Lantern, SoFi to Acquire Golden Pacific Bancorp, Gains Bank Charter to Boost Fintech Services, SoFi to Go Public in $8.65 Billion SPAC Deal with Chamath Palihapitiya’s Social Capital, SoFi Continues Rapid Growth Fueled in Part by the Coronavirus, COVID-19 Driven Boom? SoFi, one of the largest Fintechs in the US, has entered the Asian market with the acquisition of 8 Securities in Hong Kong. By localizing the SoFi brand in Hong Kong, SoFi will continue to serve existing 8 Securities customers, as well as expand to an ever-growing … Noto said people want to invest more, agreeing that the COVID-19 crisis is both a challenge and an opportunity. 14, 2021 —Pakt, Inc., a company that createsgear built for the modern traveler, ... SKILLICORN Technologies announces the launch of their Los Fresnos Project Regulation CF Offering on the InfraShares crowdfunding platform. CI on Twitter US online personal finance company Social Finance (SoFi) has agreed to acquire the parent of online brokerage firm 8 Securities in a move to foray into Hong Kong. Regardless, Noto said financial services is something people absolutely need right now. SoFi, the digital personal finance company, announced today an expansion into its first international market, with the introduction of SoFi Invest in Hong Kong. 8 Securities was a leading mobile investing and robo-advisory service in Hong Kong . Submit a Tip Offerings Noto believes the current environment is a chance for Fintech companies to step up and provide financial services that are in demand. Crowdfund Insider Beachwood OH 44122 USA CI on LinkedIn My startup was acquired by SoFi. “Leveraging the learnings from the SoFi Invest platform in the U.S., SoFi can meet the needs of both experienced and novice investors alike in Hong Kong, all in support of our overall efforts to make headway on our mission to help people get their money right.”. US digital personal finance firm SoFi has moved into its first international market with the acquisition of 8 Securities in Hong Kong. Asia The acquired entity is renamed as SoFi Hong Kong. SoFi acquires Hong Kong's 8 Securities in first global push. Old English name Old Chinese name Until; 8 Securities Limited: 2020-04-28: Sign … Here are four reasons to join us. He added, "SoFi's commitment to enter Hong Kong is a big vote of confidence in 8 Securities and in our city." SoFi goes international with acquisition of Hong Kong-based investment app 8 Securities. Following the acquisition of the mobile stock trading startup, it has been rebranded as SoFi Hong Kong, Tech in Asia reported. The online brokerage company is said to have raised more than $60m in venture capital. SoFi’s first product in Asia, the trading service, will be commissionless. “Leveraging the learnings from the SoFi Invest platform in the U.S., SoFi can meet the needs of both experienced and novice investors alike in Hong Kong, all in support of our overall efforts to make headway on our mission to help people get their money right. Noto commented that SoFi has been preparing for a recession for years. Here are four reasons to join us. 8 Securities was Asia’s first mobile-only investing service, first robo-advisor, first social trading and first subscription for investing. We have over 1 million global customers who put their trust in SoFi. “Based on the platform we’ve built, SoFi, together with 8 Securities, can meet the needs of both experienced and novice investors alike, as part of our overall efforts to make headway on our mission outside of the US to help people get their money right.” 8 Securities, which was founded in 2012, will rebrand to SoFi … Info: [email protected] I have always been doubtful as to how do 8 Securities earn any … “The demand for what we do is high,” said Noto. Financial details were not disclosed. SoFi, one of the largest Fintechs in the US, has entered the Asian market with the acquisition of 8 Securities in Hong Kong. Earlier this month, SoFi acquired US-based payment firm Galileo Financial Technologies at $1.2 billion, according to a recent press release. Consumer financial services platform SoFi is making its first expansion outside of the United States with the acquisition of Hong Kong-based investing app 8 Securities. SOFI SECURITIES (HONG KONG) LIMITED: 378,000: 7: 54,000: 1: 1: Webb-site Governance Rating. Rebranded as SoFi Hong Kong, the company will be the only brokerage service that delivers fee-free stock trading on more than 15,000 US and Hong Kong … SoFi, an American personal finance company, announced today that it has acquired 8 Securities, a fintech platform based in Hong Kong. Hong Kong has emerged as a leading Fintech hub in Asia and is a market that quickly announced the approval of virtual banks. placement: 'Below Article Thumbnails', Download our app, open an account quickly and easily, and trade over 15,000 US and Hong Kong stocks for free. SoFi acquires 8 Securities on 2020-04-21 for an undisclosed amount. Provider of a social trading and wealth management platform designed to provide online security brokerage and trading services. Advertising: [email protected] Because when it comes to achieving financial independence, investing is not optional – it is imperative,” stated Noto. Fintech The financial terms of the deal with 8 Securities are yet to be ascertained, but it will result in the firm being rebranded as SoFi Hong Kong, according to a company … The details of the deal were not disclosed. US-based digital lender SoFi Invest has acquired Hong Kong-based 8 Securities. © 2021 Crowded Media Group. (Credit: Tumisu from Pixabay) US online personal finance company Social Finance (SoFi) has agreed to acquire the parent of online brokerage firm 8 Securities in … 8 Securities Limited name has officially been changed to SoFi Securities (Hong Kong) Limited (“SoFi Hong … Unlimited opportunity. SoFi to acquire online brokerage company 8 Securities. No commissions, n… Model The company’s co-founders Mathias Helleu and Mikaal Abdulla said: “We began our discussions with SoFi last year. I hold an MBA from both Columbia University and the London Business School. SoFi may be considering a wider offering of financial services in Hong Kong while using the beachhead to offer financial services across the entire region. SoFi, one of the largest and fastest growing online personal finance companies in the US, has announced that it has acquired mobile investing company 8 Securities, to be rebranded as SoFi Hong Kong. With SoFi it’s simple. The two founders helped to expand the digital platform in 15 different countries including Hong Kong. We use them to give you the best experience. About Member of the Fintech Asia 100. San Francisco-based digital personal finance company SoFi announced its first successful expansion into the international market with its acquisition of Hong Kong-based investment app 8 Securities. 8 Securities Limited is a regulated trading platform licensed under Securities and Futures Ordinance and regulated by Securities and Futures Commission of Hong Kong. The acquisition of 8 Securities remains subject to typical closing conditions. 1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-Registered Investment Adviser (“Sofi Wealth“). window._taboola = window._taboola || []; _taboola.push({ 8 Securities 8 Securities offered mobile-only investing, a robo-advisory service, a social trading platform, and zero-commission brokerage. Valuation Pegged at $4.3 Billion, SoFi CEO Antony Noto Talks Millennial Stock Investing Habits With CNBC’s Jim Cramer, SoFi Surpasses 500,000 Members & Appoints Michelle Gill As New CFO, SoFi Confirms that Twitter COO Anthony Noto to Become New CEO Starting March 1st, Twitter COO Anthony Noto Expected to Move into SoFi CEO Role, GDF: Are NFTs all hype or are they here to stay? The closing of the acquisition will be subject to customary closing conditions. Brooklyn, NY, April. Due to this change if you are seeing this message for the first time please make sure you reset your password using the Forgot your password Link. In April 2020, SoFi acquired Salt Lake City payments firm Galileo for $1.2 billion in stock and cash, and Hong Kong-based investment app 8 Securities. Webb-site users rate this organisation as follows: Users Average (0-5) Name history. mode: 'thumbnails-a', 2021. He added that brokerage accounts have doubled since the beginning of 2o2o representing rapid growth in the investment sector. Dalmore Group Teams with Global Wine Marketplace Vinsent for Direct Reg CF Offering. Strategy FAQ SoFi Hong Kong General Information Description. 8 Securities was founded in 2012 with an objective to offer “simple, transparent and affordable” mobile investing solutions. Earlier this month, SoFi signed a deal to acquire Galileo Financial Technologies, a US-based financial services API and payments platform for $1.2bn. Acquiring 8 Securities provides a very large gateway to Hong Kong. The new venture will be called SoFi Invest, or SoFi … Following closing, the 8 Securities platform will be rebranded as SoFi. We have recently upgraded our technology platform. Ben Ng April 28, 2020 06:00. Fintech Insider® Privacy Policy. Veteran Reg A+ Broker-Dealer DalmoreGroup announced the Reg CF launch ofVinsent, a company that is working toenhance the wine industry ecosystem ... Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M. Banking ServicesCapital Markets & Trading, The acquisition of 8 Securities marks SoFi’s first entry into international market, SoFi to acquire online brokerage company 8 Securities. FREE GLOBAL TRADING We are absolutely free. The acquisition follows another purchase by SoFi earlier this month when the Fintech acquired Galileo Financial Technologies for $1.2 billion in both cash and stock. 8 Securities Limited has been acquired by Social Finance, Inc. Based in San Francisco, California, Social Finance, Inc. is one of the largest and fastest growing online personal finance companies in the US. (Credit: Tumisu from Pixabay). Financial terms were not disclosed. CI on Instagram Disclosure Quest RegulationBanking SecurityRisk Management, BNY Mellon Selected by Charles Schwab Investment Management to Provide Transfer Agency Services, Apella Capital Expands Southeast Presence With Addition of Calandra Financial, Broadridge Extends Capital Markets Franchise with Acquisition of Itiviti, Glacier Bancorp to acquire Utah-based Altabank for $933.5m, Pine Labs secures $285m funding to expand payments offerings, PNC Financial gets regulatory approval for acquisition of BBVA’s US operations, N26 under BaFin scanner for inadequate measures against money laundering, Google Pay enables US users to send money to India and Singapore. Anthony Noto, CEO of SoFi … C/O Crowded Media Group, LLC Advertise on Crowdfund Insider SoFi acquires Hong Kong's 8 Securities in first global push. It was established by Mathias Helleu and Mikaal Abdulla, who had previously built electronic trading platform provider E*TRADE’s international business in 15 countries. The news was revealed by Anthony Noto, CEO of SoFi, during a call in with CNBC. – Virtual. SoFi is launching its international presence in the Hong Kong market based on its acquisition of the parent of online brokerage firm 8 Securities, based in Hong Kong. General News As part of its plan, it has unveiled SoFi Invest, an investing platform that offers access to brokerage, automated investing, and … Noto added that their desire to go international reflects the interest of young people to invest more. The acquisition of 8 Securities marks SoFi’s first entry into international market. This Regulation CF offering isseeking front-end financing for theLos Fresnos Project. All Rights Reserved. SoFi’s commitment to enter Hong Kong during this challenging time is a big vote of confidence in 8 Securities and our city. PO Box 221196 SoFi, a US-based FinTech into personal finance, has acquired Hong Kong-based mobile stock trading startup 8 Securities, for an undisclosed amount on April 21. For a minimum ... NanoVMs Launches Investment Round On StartEngine.

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