Futu SG has been receiving warm reception in Singapore, at a time where people, especially millennials and Generation Z – also known as digital natives – are seeking a solution to help them navigate the world of investing and a broker that charges competitive fees. In under three months since moomoo was officially launched in Singapore, it racked up over 220,000 users, including 100,000 paying clients.
Mr Gavin Chia, managing director of Futu SG and a local financial services industry veteran, said: “The pursuit in tech excellence has allowed the group to build a solid foundation that’s rooted in a strong culture of fintech excellence. Due to this commitment, the company can quickly launch and upgrade products, expand the system capabilities, and replicate the business in new markets.”
Mr Li added that Futu’s front-, middle- and back-end systems are self-developed as much as possible so that any problems can be solved more quickly. “Also, as finance is an industry that emphasises security, Futu’s self-developed risk control security system ensures the safety of our users’ data and funds,” he explained.Mr Li believes that investing – usually thought of as a solo pursuit – can be enriched through community, enabling investors to share their insights and learnings.
Said Mr Li: “Our main goal for Futu is that our services continue to be fast, accurate, safe and easy to use. This is a vision that we will realise through technology.”
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