One year after the launch of Futu SG (moomoo). Singapore on March 8, 2021has achieved several firsts in the sector, including in February 2022 becoming the first digital broker to receive approvals in principle for all SGX subscriptions.
Futu SG (moomoo) has also received a strong reception for its innovative financial literacy campaigns among residents, signaling a desire to invest to be made smarter and easier.
March 8, 2022 also marks the official launch of moomoo in Australia.
SINGAPORE, March 8, 2022 / PRNewswire / – Moomoo super investment app today score one year from its entry in Singapore market announcing that it is the only unique investment platform to break through the top five most downloaded apps in the finance category in both the Apple App Store and the Google Play Store in the year 2021, since its launch on March 8, 2021.
Futu Singapore (Futu SG), a subsidiary of the Nasdaq-listed company e Tencent-backed Futu Holdings (Futu), offers investment products for trading via moomoo.
The rest of the top five mobile apps in the finance category over this period (March 8, 2021 to December 31, 2021) include digital banking apps, as well as apps for mobile payments and wallets. This makes moomoo the only investment platform offering a range of financial trading products to be among the top five most used apps among Singapore residing in that mix.
Official launch of moomoo in Australia
As a global brand, moomoo has grown at a high speed in Singapore And the United States (WE). He also officially debuted in the Australian market March 8, 2022offering to investors Australia access to shares and trading of Exchange Traded Fund (ETF) in the US and Australian markets. Additional support will be available for trade-in Singapore shares, Hong Kong shares and shares A.
Futu SG (moomoo) receives strong recognition from SGX and investors
From his March 2021 launch, Futu SG (moomoo) is expanding rapidly Singaporeacquiring 220,000 registered users within the first three months, of which 100,000 were paying customers. There is also a high quality expansion. Its penetration into of Singapore the high-income, well-educated population has steadily increased, with its assets under management (AUM). Singapore customers reported a 52.4% increase in Futu’s latest financial results in 3QFY21 compared to the previous quarter.
Moomoo is now one of the fastest growing digital investment platforms in the region, with a growing number of young Singaporean investors as well. As early as 3QFY21, moomoo had already secured a place in the top three financial apps in terms of download volume in Singapore.
In his two Singapore offices at One Raffles Quay and Singapore Business Federation Center, house a team of talented employees across various departments, from business development and marketing communications to risk and compliance. The Futu SG (moomoo) team focuses on gaining insight into the weaknesses of of Singapore investors and providing services that better meet their needs.
While gaining ground in the Singapore market, moomoo and Futu SG have also achieved results in acquiring licenses and qualifications, laying a solid foundation for product optimization and business expansion. On February 10, 2022, Futu SG has announced that it has obtained approval in principle for full registrations on the Singapore Exchange (SGX), making it the first digital brokerage firm in the industry to achieve this. Futu SG has also obtained the status of “Exempt Financial Adviser”.
The range of licenses and qualifications will make moomoo the first full-service digital investment platform in Singaporeas it further expands its range of products and services to improve the user experience.
In 3QFY21, moomoo also officially launched fund products in Singaporepartnering with internationally renowned financial institutions to meet the most demanding needs of Singaporean investors.
Innovative approaches to promote financial literacy in Singapore
Over the past year, moomoo has also caused a stir in “social investing” by providing a real-time interactive online community that supports learning among Singaporean investors. Now, an increasing number of Singapore Investors watch investment courses, gain investment knowledge, exchange experiences and insights with other investors from around the world in the in-app “moo” community.
Futu SG is also committed to promoting investor education and has become an advocate and leader in local investor education. By 3QFY21, moomoo released 249 new investment training videos and illustrations, covering 40 courses and topics. At the same time, moomoo has also partnered with SGX and many financial institutions to organize a variety of investment training events, co-organization of paper trading seminars and competitions, to meet the hands-on learning needs of investors.
Gavin ChiaCEO of Futu SG (moomoo), said: “As we look back at the many industry-leading milestones we achieved last year, we are not resting on our laurels. Now that we have built a solid foundation in the first year of our business in Singaporewe are better prepared to offer to investors Singapore a smarter, faster and more reliable investment experience for many years to come. The investment landscape is still rapidly changing in this digital age and we will continue to lead trends and predict the needs and desires of investors.
“As an online investment platform founded in Silicon Valley, moomoo has always been dear to Futu’s founding vision of ‘Make Investing Easy’, to go global by leveraging cutting-edge technologies and providing smarter investment tools and resources to all of our companies. markets around the Futu will make further progress in the world Singapore for the benefit of all investors “.
Futu Singapore’s one-year anniversary milestones (March 8, 2021 to March 8, 2022)
March 2021: Official launch of Futu Singapore Pte. Srl
May 2021: Futu SG won the Fintech Award at the 2021 Singapore Business Review Technology Excellence Awards
June 2021: moomoo starts offering a dedicated local customer service hotline in Singapore to support 24/7 service on trading days and 12/7 service on non-trading days for the best online product experience and localized customer service
June 2021: Futu SG has earned 100,000 paying customers Singapore market and 200,000 residents opened an account with moomoo
July 2021: Futu SG ran an in-app card trading competition on moomoo for a three-month period from July to August 2021which saw 15,000 unique attendees from Singapore every month
August 2021: Futu SG announced that trading of SGX shares on moomoo is up six times its share March 2021 throw
August 2021: Futu SG used the nationwide “Learn & Earn” campaign which encouraged award-based creative learning and ended with over 70,000 attendees in Singapore who have tried quizzes that test their investment knowledge. These participants made a total of nearly 1.9 million quiz attempts.
August 2021: Futu SG released the video of the branding campaign online and on out-of-home advertising channels, with the former having recorded over 1 million views on YouTube
September 2021: Futu SG started partnering with SGX to promote financial literacy and held the first joint webinar
September 2021 (3QFY2021): Singapore client assets placed with moomoo increased more than 50% in three months compared to last quarter
September 2021 (3QFY2021): moomoo has become one of the fastest growing investment platforms, consistently ranking in the top three financial apps by download volume on the Apple App Store and Google Play Store
October 2021: Futu SG has partnered with leading ecommerce platform Shopee, in a one-of-a-kind partnership for its 10.10 campaign
December 2021: moomoo is among the top five most downloaded financial apps on both the Apple App Store and the Google Play Store in 2021, since it launched in Singapore
January 2022: Futu SG raised the highest amount of capital for Nikko Asset Management for the listing of the NikkoAM-StraitsTrading MSCI China Electric Vehicles and Future Mobility ETF, making it the leading placement agent among other brokers in Singapore
January 2022: It kicked off the SUSS Invest x Futu SG (moomoo) Portfolio Management Challenge to promote financial literacy, which saw over 250 participants across all universities in Singapore
February 2022: First digital broker to receive approvals in principle for all SGX subscriptions
March 2022 and beyond:
Futu SG has built a vibrant, inclusive and supportive in-app social community on moomoo over the past year and leads the trend of social sharing in the investment world. Singapore moomoo users actively exchange information, discuss investment-related topics and help each other on their investment journey.
Futu SG will continue to lead the industry to revolutionize the investment landscape for all with the moomoo investment super-app.
SOURCE Futu Singapore Pte. Srl