moomoo – WireUp

Moomoo and Its Sister Brand Connect 20M Users with the Interactive Investing Community

May 31, 2023 Published by TheFintechBuzz.com

Fintech-driven investment and wealth management platform, moomoo announces, together with its sister platform, the global digitalized investor community is now amassing over 20 million users, making it one of the most well-established platforms for connecting like-minded investors and unlocking more opportunities powered by technology and collective intelligence.

Moomoo is an all-in-one platform where investors can access investment-related information, ranging from market sentiment derived from 20 million retail investors worldwide with different backgrounds, investment goals, and strategies, to unlimited access to company news, investment research, market views, earnings, and financial estimates.

Tech for Good & Integrity

Moo community aggregates keen investors of diverse backgrounds to exchange investment and trading ideas, news, and opinions, forming a thriving and active community to learn from one another, stay informed about investment trends, and receive updates on promotions and events. As a tech-empowered platform, moomoo is committed to innovating the investment landscape. To maintain data and information integrity, moomoo introduces commenting based on actual transactions features, safeguarding a collective knowledge base is built upon actual behavior and healthy contribution.

Financial Inclusion for All

In addition to fostering an open community for free and easy sharing, the moo community also promotes financial and investment literacy by aggregating financial influencers, educators, and stakeholders. Today, over 1,000 financial educators have joined the community, aspiring more users with knowledge of all levels to achieve their financial goals, and to build up confidence in making informed financial decisions along the investment journey. In the digitalized era, over 900 listed companies, institutions, and key opinion leaders leveraged the platform to secure digital presence through community activities, such as webinars and earnings calls, enabling users to interact with industry experts, and corporate executives in person and in a real-time manner.

The habits of moomoo users evolve with the market. For instance, sharing lessons and learnings from personal past trading experience via moomoo’s star features: P/L (Profit/Loss) and Positions, and Trade Records has been on a rising trend. These two features provide a clear record of past transactions and portfolio performance, giving users insights into the market and a testament to their trading strategies. Mooers can easily share their trade records, positions, and profit and loss to peers in the moo community, thanks to moomoo’s relentless efforts in sharpening its product features.

Moomoo users may want to check each other’s records in the discussions about the hot topics held by the moomoo team, and check their peers portfolio performance in the real time feeds underneath specific stock names.

Meanwhile, the moomoo team regularly hosts online discussions in the moo community, encouraging users to share their thoughts with each other.

“Moomoo is dedicated to empowering investors with tools, knowledge, and access to various investible products in riding market cycles. We believe financial literacy can be inclusive, creative, and flexible in which everyone could reap the benefits of making informed investment decisions,” said moomoo’s Vice President of Strategy, Justin Zacks. “A supportive and informative community propelled by diversified investor bases, tech-driven solutions, actual transactions, and synergistic partnerships across the ecosystem is proved to be valuable to society. We’re excited to see more investors worldwide joining the herd. Your participation and support would make our community thrive and unique.”

Moomoo Partners with Make-A-Wish to Enrich Lives of The Children in Need

October 26, 2022 Published by TheFintechBuzz.com

The leading tech-driven financial services platform, moomoo, announced its partnership with Make-A-Wish International, the charity organization that helps fulfill the wishes of children who have been diagnosed with a life-threatening illness.

Moomoo and its parent company Futu Holdings (Nasdaq: FUTU) will share the power of wishes in the coming 12 months with their $200,000 donation, bringing joy and hope to eligible children from Singapore, Hong Kong SAR, USA and Australia.

Futu Holdings Senior Partner and Senior Vice President Robin Xu said, “This is a great honor for moomoo and Futu to collaborate with Make-A-Wish, helping children with critical illnesses realize their life-changing wishes. We sincerely hope our Wish Children and their families can feel the support and care from society through this collaboration, overcome their anxieties and successfully combat the diseases.”

“As a Nasdaq-listed company, Futu holds a total of 51 licenses in various markets globally, and provides investment and wealth management services to almost 20 million users in over 200 countries and regions. Since inception, we have committed to diminishing entry barriers of financial markets for investors, transforming the investing experience with technological innovation, as well as empowering investors to realize their financial goals. While we are celebrating our memorable tenth anniversary, we would like to pass the goodwill on to the society and community. We will do the utmost to fulfill Futu and moomoo’s corporate social responsibility, catering to the needs of various communities.”

Luciano Manzo, President and CEO of Make-A-Wish^® International said, “I am delighted that we are bringing our relationship with moomoo to the next level. At Make-A-Wish, our vision is to grant the wish of every eligible child. It is my sincere wish that we can continue our journey with moomoo so that we can go the extra mile for our Wish Children and collectively we can inspire new possibilities together!”

Moomoo’s Parent Company Futu Announces Investment Grade Rating Reaffirmed by S&P Global Ratings

July 28, 2022 Published by TheFintechBuzz.com

Moomoo’s parent company Futu Holdings Limited (Nasdaq: FUTU, “Futu”), a leading tech-driven online brokerage and wealth management platform, announced that its long-term issuer credit rating “BBB-” has been reaffirmed with a stable outlook by major global rating agency Standard & Poor’s (S&P). Meanwhile, S&P also maintained Futu’s “bbb” GCP (group credit profile) rating.

Last year, Futu was granted a BBB- long-term issuer credit rating by S&P, marking the first Hong Kong brokerage to independently receive BBB- rating from S&P.

Being one of the three major global rating agencies, S&P offers third-party forward looking opinions about a company’s relative creditworthiness ranging from AAA to D. Companies rated BBB- or higher by S&P are considered investment-grade, and are believed to have adequate capacity to meet financial commitments and relatively low credit risk.

In its recent report, S&P highlighted Futu’s very strong capitalization, adequate risk controls and expansion strategy on international market, and it expected Futu to maintain the risk appetite, underwriting standards and good loan quality while expanding the business scope and international outreach over the next 24 months.

S&P also underscored Futu’s satisfactory share of about 3% of Hong Kong’s fragmented brokerage market, and its improvements on the diversification of its product offerings and geographic reach. S&P believed that Futu has started to diversify its funding structure and liquidity sources in recent years.

S&P commented in the report that internationalization will be the main strategy for Futu in the next two to three years, as the company is looking to expand the presence in Hong Kong SAR, the U.S., Singapore, Australia and potentially other new markets. As of the end of first quarter, Futu recorded more than 80% of its newly acquired paying clients from Hong Kong SAR, the United States, Singapore and other international markets in first quarter this year.

Having established its presence in Hong Kong in 2012, Futu has led the way in the local brokerage industry for almost ten years and its app Futubull is now a household name in Hong Kong. Futu’s registered Hong Kong users number accounted for approximately one third of Hong Kong adults’ population.

Since July 2020, Futu had become the first retail brokerage included in Category A Stock Exchange Participants by the Hong Kong Exchange, ranking among top 14 brokerage houses together with other top tier global investment banks, in terms of market shares in Hong Kong.

Since Futu made its debut in Singapore last year, its flagship app moomoo has quickly become a technology brokerage platform recognized by local investors. As of June 2022, the number of Futu’s Singapore users accounted for more than 20% of the Singapore’s population aged between 20 to 70. In June 2022, Moomoo Financial Singapore Pte. Ltd officially became the first digital brokerage to receive full memberships from Singapore Exchange, strengthening its leading position in the industry.

In the U.S. market, moomoo continues to gain interest from traders who seek better tools to trade like a pro. With strong technology supports, moomoo provides investors with seamless trading experience, timely financial information, and powerful investment analysis tools that used to be available only to institutional investors.

Moomoo also announced its official launch in Australia in March 2022, providing trading access of stocks and ETFs listed in the U.S. and Australia to Australian investors. Moomoo is rapidly expanding its presence in Australia by sharing investing knowledge and market insights in financial forums and events, putting responsible investing into practice.

Apart from brokerage business, Futu sharpens edges of its product diversification. In terms of enterprise service business, Futu had 258 IPO and IR clients as well as 459 ESOP clients by the end of first quarter, climbing up 69.7% and 129.5% YoY, respectively.

Additionally, Futu Money Plus has partnered with 64 world’s well-known financial institutions to offer wealth management services, including five new partners – Wellington Investment, Fullerton Fund Management, Lion Global Investors, Nikko Asset Management and UOB Asset Management in first quarter. According to its first quarter earnings report, the total client assets amount reached HK$20.9 billion ($2.7 billion), an increase of 59.1% YoY.

Moomoo Launches in Australia with One-Stop Digital Investment Services

March 8, 2022 Published by TheFintechBuzz.com

Moomoo, the next-generation one-stop digital financial service platform headquartered in Silicon Valley, announced its official launch in Australia, providing secure, professional-grade online share trading to Australian investors. This marks the third international market where Moomoo operates, after its successful launch in Singapore in 2021 and the United States in 2018.

Australian individual investors can use moomoo app to trade stocks and ETFs listed on Australian and US markets, and will be able to access Hong Kong SAR, Singapore, and China A-share markets in the future. Moomoo differentiates itself with intelligent analysis tools, real-time in-depth market data and financial information from leading media agencies such as Dow Jones and Benzinga.

Another unique feature of moomoo is its online community of global users. Enabling ‘social investing’, the online interactive community lets users support and learn from one another, sharing investing ideas and insights about stocks. Everyone, from beginners to seasoned investors can learn investment strategies and share their investment experience with other users around the world. For users who seek structured learning experiences, there are also a lot of educational courses published on moomoo as well.

“Today marks moomoo’s first anniversary in the Singapore market and the third anniversary of the listing of moomoo’s parent company on Nasdaq,” Andrew Rogan, moomoo’s Marketing Head in Australia, said. “On this special occasion, we’re happy to announce our launch in Australia. We hope to bring moomoo’s advanced features, which have already been validated in the US and Singapore, to every investor in Australia. Our vision is to help all investors with different experience levels improve trading skills, optimize investment strategies and take control of their wealth creation.”

“With one of the highest percentages of direct share ownership in the world, Australia is full of passionate, knowledge-hungry investors wanting greater control over their own wealth creation. According to the ASX investor research report^[1], in 2020, Australia had more than 9 million individual investors, most of whom are young. That number is expected to go beyond 10 million in 2022. At the same time, with the rise of the internet and the opening-up of the financial industry, more and more young Australians are entering the investment market, creating an urgent need for a sophisticated yet customer-friendly online investment platform. Moomoo’s launch in Australia meets this need with its award-winning trading app”.

Currently, moomoo has already developed highly competitive capabilities and market experience from its operations in the US and Singapore. In the US, moomoo is a leading investment platform that is widely recognized by American investors. Moomoo has been named by Benzinga as “The 2021 Best for Active Traders” for its excellent product experience and services. In the first three months since its launch in Singapore, moomoo has gained over 220,000 registered clients, among which 100,000 were paying clients. Moreover, both client quantity and quality are increasing steadily.

Super-app, moomoo, is the only investment platform to break through top five most downloaded finance apps in Singapore in 2021 since its launch

March 8, 2022 Published by TheFintechBuzz.com

Investment super-app moomoo today marks one year since its entry into the Singapore market by announcing that it is the only one-stop investing platform to break through the top five most downloaded apps in the finance category in both the Apple App Store and Google Play Store in year 2021, since its launch on 8 March, 2021.

Futu Singapore (Futu SG), a subsidiary of the Nasdaq-listed and Tencent-backed Futu Holdings (Futu), offers investment products for trading via moomoo.

The rest of the top five mobile apps in the finance category in this period (8 March 2021 to 31 Dec 2021) include digital banking apps, as well as apps for mobile payment and wallets. This makes moomoo the only investment platform that offers a range of financial products for trading to be among the top five most used apps among Singapore residents in that mix.

Official launch of moomoo in Australia

As a global brand, moomoo has been growing at high-speed in Singapore and the United States (US). It also officially debuted in the Australian market on 8 March, 2022, offering investors in Australia access to stocks and Exchange Traded Funds (ETFs) trading in both the US and Australian markets. Further support will be available for trading in Singapore shares, Hong Kong shares, and A-shares.

Futu SG (moomoo) receives strong recognition from SGX and investors

Since its March 2021 launch, Futu SG (moomoo) has been expanding rapidly in Singapore, acquiring 220,000 registered users within the first three months, among which 100,000 were paying clients. There is also high-quality expansion. Its penetration into Singapore’s high-income, well-educated population has steadily increased, with assets under management (AUM) of its Singapore clients recording a 52.4% increase in Futu’s latest financial results in 3QFY21 as compared to the previous quarter.

Moomoo is now one of the fastest-growing digital investment platforms in the region, with also a rising number of young Singaporean investors. In as early as 3QFY21, moomoo already secured its place among the top three financial apps in terms of download volume in Singapore.

In its two Singapore offices at One Raffles Quay and Singapore Business Federation Centre, they house a talented team of employees across various departments from business development and marketing communications to risk and compliance. The Futu SG (moomoo) team is focused on gaining insights into the pain points of Singapore’s investors and providing services that better cater to their needs.

While gaining ground in the Singapore market, moomoo and Futu SG have also made achievements in acquiring licenses and qualifications, laying a solid foundation for product optimisation and business expansion. On 10 February, 2022, Futu SG announced that it had obtained approvals-in-principle approval for full Singapore Exchange (SGX) memberships, making it the first digital brokerage company in the industry to achieve this. In addition, Futu SG also obtained the “Exempt Financial Adviser” status.

The range of licenses and qualifications will make moomoo the first full-service digital investment platform in Singapore, as it further expands its product and service offerings to enhance the user experience.

In 3QFY21, moomoo also officially launched fund products in Singapore, partnering with internationally renowned financial institutions to meet the discerning needs of more Singaporean investors.

Innovative approaches to promoting financial literacy in Singapore

In the past year, moomoo has also made “social investing” a stir by providing an interactive, real-time online community that supports learning among Singaporean investors. Now, a growing number of Singapore investors are watching investment courses, acquiring investment knowledge, exchanging experiences and insights with other investors from around the world on the in-app “moo” community.

Futu SG is also committed to promoting investor training and has become the advocate and leader of local investor training. By 3QFY21, moomoo has posted 249 new investment training videos and illustrations, covering 40 courses and topics. At the same time, moomoo has also joined hands with SGX and many financial institutions to organise a variety of investment training events, co-organising seminars and paper trading competitions, to meet investors’ needs for practical learning.

Gavin Chia, Managing Director of Futu SG (moomoo), said: “While we look back on the many industry-leading milestones we achieved in the past year, we are not resting on our laurels. Now that we have built a strong foundation in the first year of our business in Singapore, we are better primed to offer investors in Singapore a smarter, faster, and reliable investing experience in the many years ahead. The investing landscape is still rapidly evolving in this digital era, and we will continue to lead trends as well as predict needs and wants of investors.

“As an online investment platform founded in Silicon Valley, moomoo has always been holding dear to Futu’s founding vision of ‘Make Investing Easier,’ going global by leveraging cutting-edge technologies, and providing smarter investing tools and resources to all our markets around the world. Futu will make further progress into Singapore to benefit all investors.”

Appendix

Futu Singapore’s one-year anniversary milestones (8 March 2021 to 8 March 2022)

March 2021: Official launch of Futu Singapore Pte. Ltd.

May 2021: Futu SG won the Fintech Award at Singapore Business Review Technology Excellence Awards 2021

June 2021: moomoo starts offering a dedicated local customer service hotline in Singapore to support 24-hour service on trading days and 12-hour service on non-trading days for the ultimate online product experience and localised customer service

June 2021: Futu SG gained 100,000 paying clients in Singapore market, and 200,000 residents have opened an account with moomoo

July 2021: Futu SG held an in-app paper trading competition on moomoo for a three-month period from July to Aug 2021, that saw 15,000 unique participants from Singapore each month

Aug 2021: Futu SG announced that trading of SGX stocks on moomoo is up six-fold since its March 2021 launch

Aug 2021: Futu SG employed nation-wide “Learn & Earn” campaign which encouraged creative, rewards-based learning, and it concluded with over 70,000 participants in Singapore who attempted quizzes that test their investment-related knowledge. These participants made a total of close to 1.9 million attempts at the quizzes.

Aug 2021: Futu SG released branding campaign video online and on out-of-home advertising channels, with the former recording over 1 million views on YouTube

Sept 2021: Futu SG kicked off partnership with SGX to promote financial literacy, and held first joint webinar

Sept 2021 (3QFY2021): Singapore client assets placed with moomoo increased by over 50 per cent in three months, as compared to last quarter

Sept 2021 (3QFY2021): moomoo has become one of the fastest-growing investment platforms, consistently ranking among top three finance apps by download volume on Apple App Store and Google Play Store

Oct 2021: Futu SG partnered leading e-commerce platform, Shopee, in one-of-its-kind partnership for its 10.10 campaign

Dec 2021: moomoo is the top five most downloaded finance apps on both Apple App Store and Google Play Store in year 2021, since it was launched in Singapore

Jan 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, which makes it the top placement agent among other brokers in Singapore

Jan 2022: Kicked off SUSS Invest x Futu SG (moomoo) Portfolio Management Challenge to promote financial literacy, that saw over 250 participants across Universities in Singapore

Feb 2022: First digital brokerage to receive approvals-in-principle for all SGX memberships

March 2022 and beyond:

Futu SG has built up 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 users of moomoo are actively exchanging insights, discussing investment-related topics, and helping one another along their investment journey.

Futu SG to continue to lead the industry to revolutionise the investing landscape for all with the moomoo investment super-app.

SOURCE Futu Singapore Pte. Ltd.

Tag: moomoo

Moomoo and Its Sister Brand Connect 20M Users with the Interactive Investing Community

Moomoo Partners with Make-A-Wish to Enrich Lives of The Children in Need

Moomoo’s Parent Company Futu Announces Investment Grade Rating Reaffirmed by S&P Global Ratings

Moomoo Launches in Australia with One-Stop Digital Investment Services

Super-app, moomoo, is the only investment platform to break through top five most downloaded finance apps in Singapore in 2021 since its launch

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