8 Securities Secures $9M Series B Funding to Fuel Asian Expansion
Hong Kong and Tokyo-based fintech platform 8 Securities has successfully closed a $9 million Series B funding round, with plans to accelerate its growth in Japan and China. The investment was led by returning backers Velocity Capital and Leitmotiv Private Equity.
Strategic Expansion Plans
CEO Mikaal Abdulla revealed that the capital will be deployed to:
- Market new product offerings, including Auto Portfolio and Social Trading solutions
- Support the company’s planned entry into mainland China in 2024
- Strengthen its position in Japan’s lucrative investment market
Revolutionizing Investment with Auto Portfolio
The newly launched Auto Portfolio service disrupts traditional wealth management by offering:
- Low-cost access to professionally managed global portfolios (0.5% annual fee, no hidden charges)
- Mobile-first experience tailored for digital-native investors
- Automated diversification across up to 16 global ETFs
- Personalized approach through an initial investor questionnaire
“Our platform meets the growing demand for global asset diversification among Asian investors,” Abdulla emphasized.
Japan’s Massive Investment Opportunity
Nobofumi Iimori, President of 8 Securities Japan, highlighted the market potential:
“Japan holds over $15 trillion in individual investable assets - second only to the U.S. There’s surging interest among Japanese investors to diversify beyond domestic markets into global assets.”
Company Milestones
- TechCrunch Disrupt Beijing 2011 finalist
- Currently manages $750+ million in client assets
- Dual headquarters in Hong Kong and Tokyo
The Series B funding positions 8 Securities to capitalize on Asia’s rapidly evolving digital investment landscape while addressing the region’s growing appetite for sophisticated, accessible wealth management solutions.
