Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

US$10 million funding for Singapore mobile app startup

Zafar Anjum | Sept. 27, 2013
TradeHero secures funding from KPCB China and IPV Capital

MyHero Limited has secured US$10 million in funding from Kleiner Perkins Caufield Byers China fund (KPCB China) and IPV Capital.

MyHero is the holding company for the mobile stock market simulation app TradeHero.

This is one of the largest Series A rounds ever for a Singapore-based consumer Internet startup, the company said in a statement.

"The timely funding will allow us to grow the reach and scale of our user base, build out the technology and drive product availability on different platforms to meet strong demand," said Dinesh Bhatia, CEO and Founder, MyHero. "Half of China's 170 million brokerage accounts in China today are online, and TradeHero's focus on stock tips makes it highly relevant for Asian investors. We are energised and excited by the potential to address these growing markets."

TradeHero has reached the number one position in the iOS app store's finance category in 75 countries and the top 10 position in over 100 countries. Since its launch six months ago, TradeHero acquired 250,000 users spread over 200 countries.

TradeHero is also running a campaign with Macquarie Group in Singapore to promote warrants trading.

 

Sign up for CIO Asia eNewsletters.