News

Markets & Investing

Staff Reporter

, Singapore

Published:

1 year ago

534 views

Photo from press release/

Longbridge Group bags $133m more funding for international expansion

It also launched Longbridge Securities Singapore with no commission fees.

Local fintech and securities firm Longbridge Group has secured an additional $133m (US$100m) funding for its international expansion efforts.

Bringing its total funding to more than $200m (US$150m), the group said it will enhance its global trading infrastructure and accelerate market expansion into new regions including the Asia-Pacific, Europe, Americas, and the Middle East.

Longbridge also launched Longbridge Securities Singapore with $0 commission trading on the US, Hong Kong and Singapore markets which support products including stocks, US options, warrants, ETFs, REITs, and funds.

This made the company the first brokerage in Singapore to eliminate commission fees indefinitely and offer global investors a comprehensive, one-stop investment platform.

By removing trading fees permanently, Longbridge Securities aims to make investing more cost-effective and accessible for retail investors.

($1=US$0.75)

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