Singapore-headquartered fintech and securities firm Longbridge Group has secured over US$100 million ($134 million) in new funding to fuel its international expansion efforts.
The latest funding round brings the company’s total strategic investments to over US$150 million, raised from “prominent financial groups and investment institutions”.
The company, which recently achieved profitability, plans to further strengthen its presence in key markets like Singapore and Hong Kong while expanding its footprint in the Middle East.
The company’s brokerage arm Longbridge Securities Singapore has also eliminated commission fees indefinitely. It claims to be the first in the market to do so, as competitors typically restrict such benefits to promotional periods.
Established in 2019, Longbridge Securities Singapore is regulated by the Monetary Authority of Singapore, holding a Capital Market Services licence aside from possessing a financial advisory exemption qualification.
