Fintech and securities firm Longbridge Group has secured its third round of funding, amounting to $133 million or US$100 million. This will fund international expansion. The group has attracted more than $200 million or US$150 million in funding so far. This means that the investment is sizeable enough to position Longbridge in a good position to enhance its global trading infrastructure. It can, therefore, push into large markets including the Asia-Pacific, Europe, the Americas, and the Middle East.
Besides raising new funds, Longbridge Group also launched the brokerage called Longbridge Securities Singapore. It offers trading for free on a wide set of financial products. They have access to the US markets, as well as to Hong Kong markets with access to Singapore ones too. They can offer to trade in stocks, warrants, exchange-traded funds (ETFs), real estate investment trusts (REITs), mutual funds, US options. This achievement has made Longbridge the first brokerage in Singapore to attain commission-free trading for life, thereby setting the brokerage as a leader in the competitive fintech landscape of the region.
Longbridge Securities is seeking to make investing more accessible and affordable for retail investors by eliminating commission fees. This will allow people to access global markets without the usual costs of trading, which should attract a broader investor base. Longbridge’s elimination of fees also fits with its vision of offering a comprehensive, one-stop investment platform that meets the varied needs of global investors.
The additional funding and the launch of the commission-free brokerage mark a significant step in the growth strategy of Longbridge Group. As the company expands its global footprint, these initiatives will strengthen its position in the competitive fintech sector, opening up greater access to global financial markets for investors around the world.
This new investment is an important step in the evolution of Longbridge Group in that it is cashing in on an increase in demand for innovative financial services and solutions. Longbridge will, therefore be better placed to expand its activities through enhanced capabilities, upgraded customers’ experience, and diversified high-level investment facilities around multiple regions through the funding.
