Tiger Brokers (Singapore), an online brokerage backed by Chinese tech firm Xiaomi, has launched a business-to-business (B2B) segment for financial institutions, with Singapore-based financial advisory firm PFPFA as its first partner for the B2B platform.

Tiger Brokers’ institutional division provides clients with comprehensive technological solutions that include advanced portfolio and risk management tools. It enables fund managers and professional advisors to manage accounts and assist clients to invest seamlessly. The B2B segment builds on the firm’s highly successful Singapore consumer business, Tiger Trade, which amassed close to 300,000 users in the one and a half years since its launch.

Grace Yong, Tiger Brokers’ director of institutional sales, says: “We see the power of technology in disrupting the digital investment space globally, especially in Singapore, which is why we are immensely excited to launch our B2B segment. For Tiger Brokers’ B2B partners and clients, this brings a proven technology platform and leverages the direct credibility of Tiger Brokers’ parent company, UP Fintech Holding Limited. We hope to bring the same to the B2B segment and allow institutional partners to also tap on our technology to grow their business in our ecosystem.”

Earlier this year, Tiger Brokers won the Best Sub-custodian Mandate, Broker-dealer (Singapore) presented by The Asset Triple A Sustainable Investing Awards 2021 for Institutional Investor, ETF and Asset Servicing Providers. The company also received approval-in-principle to be admitted as a clearing member of The Central Depository (Pte) Limited and approval-in-principle from Singapore Exchange Securities Trading Limited as well as Singapore Exchange Derivatives Trading Limited for admission as a trading member.