Xiaomi-backed Tiger Brokers is expanding its reach into the institutional segment with the launch of a business-to-business (B2B) platform.
Tiger Brokers is partnering Singapore-based financial advisory firm PFPFA as it launches a B2B platform for institutional partners, the company announced on Friday.
Under the partnership, PFPFA clients will have direct access to Tiger's online brokerage and platform, which will include technological solutions such as advanced portfolio and risk management tools.
Tiger Brokers said it hopes to build on the success of Tiger Trade, its Singapore consumer platform that currently has close to 300,000 users since launching 1.5 years ago. It plans to rapidly grow its B2B segment in the coming months by offering its services to more financial institutions, including robo-advisors, banks, neo-banks and fund managers, the announcement said.
