Singapore-based Spiking has reportedly raised $30m in its private token sale which was led by Raffles Financial director Charlie In.
As part of the investment, Charlie In will join Spiking in an advisory position to oversee investing and governance, according to various reports in the media.
The company will launch its tokens on the Kryptono Exchange next month, the articles said.
Spiking is a mobile-based stock investing app, available on Android and iOS, which gives users real-time updates on trades made by ‘sophisticated investors’. The platform enables retail investors to invest into stocks and make better decisions by seeing what other seasoned investors are doing.
Through the app, users can access six separate stock exchanges: Singapore Exchange, Bursa Malaysia, HKEX, Nasdaq, NYSE and NYSE American.
The company uses technology to combine data and natural language processing to improve insight generation. News, tweets and social media channels are analysed to help an investor understand spikes and drops in the markets.
The company previously raised $750,000 in its seed round of funding back in 2016 from a group of individual investors.
Earlier in the week, Singapore cryptocurrency exchange Binance reportedly received an investment from Vertex Ventures. Binance is cryptocurrency exchange supports the trade of a selection of different digital tokens including Bitcoin, Ethereum and Litecoin.
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