Longbridge Group Singapore secures over $100m in funding to accelerate global expansion
Longbridge Group Singapore has announced a significant boost in its funding, having secured over USD $100 million from various investment institutions, including prominent Singaporean consortia. This follows a successful Pre-A round that brought the company’s total financing to over USD $150 million. With these funds, Longbridge aims to accelerate its expansion into key global markets, focusing initially on Singapore and Hong Kong and extending its reach across the Asia-Pacific, Europe, the Americas, and the Middle East.
Founded in March 2019, Longbridge Group has quickly become a leader in the fintech industry by effectively integrating finance with cutting-edge internet technology. This strategy has allowed them to thrive particularly in the Hong Kong and Singapore markets, achieving overall profitability and a remarkable growth trajectory.
In 2021, Longbridge received USD $50 million during its Pre-A round, with contributions from institutions like PhillipCapital (Singapore). The group, which is headquartered in Singapore, has secured over 21 financial compliance licenses across multiple global markets, including the United States and New Zealand. Its innovative approach includes the launch of technology solutions tailored for brokers in Hong Kong, establishing a dual business model centered around “Securities + Technology.”
Longbridge’s securities division, known simply as “Longbridge,” has made significant inroads into the global investment scene, offering high-quality, affordable financial products. It boasts an annual trading volume exceeding USD $200 billion, making it the fastest internet broker to rank in the Top 100 in trading volume on the Hong Kong Stock Exchange. Additionally, it ranks among the top 100 free financial apps in Singapore’s App Store.
The technology division, “Longbridge Whale,” champions the “Securities as a Service” model, successfully attracting over 80 broker clients across Asia by 2024. This division provides cutting-edge trading solutions that help brokers enhance efficiency and competitiveness, significantly impacting the market with a 16% share in Hong Kong alone.
A notable innovation from Longbridge is the introduction of “PortAI,” a large language model (LLM) application designed to empower investors with advanced AI tools. This positions Longbridge as a leading global investment platform offering comprehensive services across various markets, including the US and Singapore.
The achievements of Longbridge Group have not gone unnoticed. In 2023, the company received the “Triple A Digital Awards” from The Asset and was named “Best Wealth Management Technology Practice” by The Asian Banker in 2024. These accolades underscore the company’s position as a pioneer in the fintech space, driving forward the digital transformation of the securities industry.
With a robust foundation and a clear vision for the future, Longbridge Group is set to redefine the financial landscape globally. By leveraging its substantial new funding, the company is poised to enhance its trading infrastructure and networks significantly, promising an improved trading experience for investors worldwide.