Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Tiger Brokers NZ Powers Into Deloitte Fast 50

Auckland-based fintech and mobile brokerage Tiger Brokers has entered the 2021 Deloitte Fast 50 index for the first time with growth of 211% over the past three years.

Tiger Brokers provides access to stock markets in Australia, China, Hong Kong, Singapore and the United States via an app with no minimum deposit and low brokerage fees.

The annual Deloitte Fast 50 Index ranks businesses experiencing rapid revenue growth over three years and sets a benchmark for high growth businesses in New Zealand. The average Deloitte Fast 50 business averaged 263% growth over three years and has $22 million average revenue.

The latest Fast 50 Index includes trading over the past 18 months when companies not only had to show resilience but also adaptability to fast-changing operational conditions.

While there were other technology companies in the Deloitte Fast 50, Tiger Brokers was the only fintech company, combining digital technology with an investment platform that provides individual investors access to some of the world’s largest stock markets.

Vincent Cheung, Chief Executive Officer of Tiger Brokers New Zealand, said the company had been working hard on optimising its products so it could bring listed equities in more than 7,000 companies worldwide to local investors.

“As more and more New Zealanders use their smart phones for everyday services such as ordering groceries or take-out meals during COVID lockdowns, it is little surprise that Kiwis are adding mobile brokerage accounts to their investment activity,” he says.

Tiger Brokers’ mobile brokerage app, Tiger Trade, makes investing in global equities more affordable and faster than placing an order via a broker.

“Tiger Trade has experienced increasing numbers of account openings and transactions,” Mr Cheung says. “Retail investors are increasingly comfortable using mobile trading platforms, reflecting the growing digitalisation of the financial services industry.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Foodstuffs: New World & Four Square Trial NZ’s First Grocery Delivery Offer With Uber Eats

New World & Four Square have partnered with Uber Eats to unlock the first grocery offering available on the platform in Aotearoa. For New World and Four Square it’s yet another way to put New Zealanders first, particularly with those inevitable last-minute grocery needs... More>>

Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>



ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>


PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>



REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>