Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Friday, April 09 2021 - 18:32
AsiaNet
Crypto Platform Kikitrade Completes US$8M Pre-series A Funding
HONG KONG, April 9, 2021 /PRNewswire-AsiaNet/ --

Demystifying Crypto Investment for Everyday People in Asia Pacific 

Cryptocurrency social investment platform Kikitrade today announced that the 
company has completed Pre-series A funding of USD 8 million, co-led by 
Dragonfly Capital, Cherubic Ventures and Animoca Brands who also joined the 
Board of the Company. By providing a user-friendly, secure and fun user 
experience, Kikitrade aims to attract the millennials and everyday people to 
invest in crypto assets with ease, and contribute to the democratization of 
cryptocurrency in the long run.

Renowned Investors Betting on Strong User and Team Traction 

The Pre-A series funding was co-led by Dragonfly Capital, a blockchain venture 
fund affiliated with Sequoia Capital, Cherubic Ventures, a venture capital that 
has invested six unicorns globally, and Animoca Brands, a blockchain gaming 
giant founded by tech legend Yat Siu. Other investors include Ethereum 
Co-founder Joseph Lubin and his new fund in stealth, Singaporean venture 
capital Vulpes, Super Chain Capital, Australian venture capital Artesian, Head 
& Shoulders X in Hong Kong, Chinese blockchain fund SNZ and more.

With profound experience in FinTech, Kikitrade Co-founder Allen Ng said, "My 
singular goal with Kikitrade is to lower the entry barrier of crypto investment 
and provide everyday people with the necessary tools and knowledge required." 
Dragonfly Capital Partner Mia Deng said, "Attracting the millennials and Gen-Z 
with first-class user experiences is an important trend in FinTech. We like 
Kikitrade's strategies and look forward to driving the mass adoption of crypto 
together."

Kikitrade's solid and diverse team background is also a key consideration for 
the investors. The team comprises experienced engineers, hedge fund traders, 
investment bankers and crypto enthusiasts with in-depth knowledge in both 
financial and blockchain industries. Cherubic Ventures Managing Partner Tina 
Cheng said, "Kikitrade's professional team has both excellent product 
development capabilities and extensive marketing resources. We are very bullish 
on its future growth and the vision of driving crypto's mass adoption". 

Enhancing "Social" and "Gaming" Elements for Millennials 

Sean Tao, another Co-founder of Kikitrade, has built and operated multiple 
social products for millennials before. A heavy gamer himself, Sean aims to 
integrate "social" and "gaming" elements to Kikitrade, enabling peer 
interaction and gamified experience. Animoca Brands CEO Yat Siu said, "NFT's 
are the standard for true digital property rights and the next development of 
the Metaverse requires easy to on-board financial services, and we believe 
Kikitrade could become an influential financial onboarding platform for 
collectors and gamers globally." 

Entering New APAC Markets and Introducing New Features 

Granted a Digital Asset Exchange Provider Qualification from the Australian 
government, Kikitrade has plans to apply or acquire more licenses in APAC. The 
compliant platform upholds a high standard on identity verification (i.e KYC), 
anti-money laundering (i.e AML) and asset segregation, striving for a secure 
and reliable crypto investment experience. To address the common misperception 
of the high costs associated with crypto, Kikitrade sets its minimum investment 
amount at US$1. In addition, Kikitrade provides crypto-based saving features 
and regular investment plans targeting beginners and long-term holders.

The investment proceeds will accelerate the user acquisition in the fast 
growing APAC markets, including Taiwan, Southeast Asia and Australia. Kikitrade 
will also continue to optimize its existing trading system, enhance its 
educational content and create an easy-to-use Non-Fungible Tokens (NFT) and 
Decentralized Finance (DeFi) portal. Kikitrade is highly committed to becoming 
the best partner for mainstream investors in their forays into the crypto 
universe. 

For media enquiry, please contact:

Sky Lai
pr@kikitrade.com
+852 6899 9765

About Kikitrade

Kikitrade is a cryptocurrency social investment platform incubated by 
Asia-based blockchain company Everest Ventures Group (EVG) in March 2020. The 
company aims to provide the mainstream investors with an user-friendly and 
secure cryptocurrency investment experience, and creates an interactive and 
educationable in-app community.

SOURCE Kikitrade

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=388636

   Caption: Allen Ng, Co-founder of Kikitrade said his singular goal with the 
company is to lower the entry barrier of crypto investment and provide everyday 
people with the necessary tools and knowledge required.

Attachments
Allen-Ng.jpg