8 Securities, a Hong Kong based robo-advisory and mobile trading services, announced that it has agreed to receive a strategic investment of USD25 million (Series C investment) from Nomura Asset Management.
As part of the strategic partnership, 8 Securities and Nomura Asset Management will launch new digital wealth management services, including robo-advisory and mobile investing solutions for millennials.
The newly injected capital will enable 8 Securities to accelerate customer growth, develop new products and R&D, increase the size of its software development team, and expand into new geographies. The two parties also intend to work together on new fintech initiatives in Asia including Japan.
Mathias Helleu, Executive Chairman of 8 Securities, said:
“We are excited to welcome Nomura Asset Management as the first strategic investor into 8 Securities. The investment validates our vision, technology and focus on the next generation of wealth in Asia.”
Kunio Watanabe, President & CEO of Nomura Asset Management, said:
“The partnership is a combination of strengths. We will build synergies between Nomura’s asset management expertise and 8 Securities’ mobile robo-advisor apps.”
The investment demonstrates the promising growth and potential of robo-advisory services in Asia including Japan. It marks Hong Kong’s largest fintech capital injection in 2018.
Mikaal Abdula, CEO of 8 Securities, said:
“We will continue our focus on the growth and development of our robo-advisor app, Chloe. We built 8 Securities to help millennials take their first step into investing.
Nomura Asset Management shares the mission to engage the next generation of wealth with simple and affordable mobile solutions.”
Since its debut in 2016, Chloe – Asia’s first robo-advisor mobile app has generated an annual return between 7% to 15% for customers through a portfolio of exchange traded funds diversified across 28 countries, up to 38 300 stocks and bonds.
