China-based online stock trading platform Futu5 has closed a $60m series B round led by internet company Tencent, China Money Network reported yesterday.
Venture capital firms Matrix Partners and Sequoia Capital also took part in the round, which closed in April 2015 but has only now been disclosed.
Founded in 2009, Futu5 operates a trading platform for Hong Kong and US stock exchanges. Investors can also trade so-called A-shares in mainland China-listed companies, a type of share generally only available to domestic investors that is tightly regulated for foreign investors.
The company claims to process monthly transactions worth approximately HK$20bn ($2.6bn).
Tencent previously participated in Futu5’s $10m series A round alongside Matrix and Sequoia in March 2014.