TradingView, a charting platform and social network, has secured a $298 million investment round led by Tiger Global, valuing the company at $3 billion.
The funding follows a strong growth of the platform’s user base, mostly retail investors, during the pandemic. According to the announcement, TradingView experienced a 400% increase in new accounts and a 237% increase in visitors in the last 18 months.
Denis Globa, CEO and co-founder of TradingView said: "We're excited to be partnering with Tiger Global. Their global fintech expertise and insights will contribute significantly to furthering TradingView's vision of informed financial trading and investing for the world."
"We built this company with the belief that people everywhere want the same thing: to be in control of their own economic futures. We work towards this by creating an environment where all traders and investors can Look first / Then leap. That it doesn't matter who you are, or where you're from, you'll always have access to the best tools and the best insights to find your right trading opportunities, then act on them".
Increasing growth worldwide
Established in 2011, the platform enables over 30 million monthly users in 180 countries to access price charts of assets such as cryptocurrencies, stocks and futures.
The company is also doubling down on its broker relationships and is expecting to partner and integrate with most major brokerage platforms over the next few years to allow consumers to trade directly from TradingView, while using their preferred financial institutions.
"TradingView's global reach, strong product offering, and engaged customer base positions the company to be the default social network and financial analysis platform used by all traders and investors," said Alex Cook, Partner, Tiger Global. "We're looking forward to helping Denis and the team realise this ambition and expand the company's market leadership position."
- Huawei Cloud Fintech Summit unveils Pangu finance modelTech & AI
- Exclusive video: Spotlight on fraud and ID verificationFraud & ID Verification
- Klarna's expansion into US$1tn travel sector takes flightDigital Payments
- Is your business ready for the Christmas shopping spree?Financial Services (FinServ)