UP Fintech's founder and CEO, Wu Tianhua, stated: "In the first quarter, despite softer market sentiment and trading activity amid geopolitical volatility, elevated interest rate expectations and stagflation concerns, the Company still delivered solid YoY growth in both revenue and operating performance, while continuing to expand its user base and client assets. Net asset inflows reached US$2.9 billion during Q1, while quarterly net asset inflows into consolidated retail accounts exceeded US$2 billion for the first time, further validating the effectiveness of our client-quality-focused growth strategy. At the same time, our internationalization and business diversification strategies continued to advance, supporting steady growth in overseas client scale and assets. In Singapore, supported by strong product experience and customer trust, quarterly net asset inflows exceeded US$1 billion. In Hong Kong, client assets maintained solid momentum with double-digit quarter-over-quarter(QoQ) growth, demonstrating the resilience and continued growth potential of our key regional markets."
"Technology and product innovation remain key drivers of user value for us. In Q1, TigerAI delivered strong momentum, with platform conversations rising nearly fivefold YoY, reflecting growing user engagement. During the quarter, we upgraded TigerAI to a multi-agent architecture, further enhancing model efficiency and user experience. We continued to enhance our investment toolkit with new features such as Hong Kong index options, options TWAP orders, Hong Kong ETF IPO subscriptions and dividend reinvestment, offering investors greater flexibility and a more seamless one-stop experience."
Singapore extended the market lead with 9 consecutive quarters of order growth
In Singapore, the Company continued to deliver strong performance across key operating metrics, further reinforcing its position as a leading local digital brokerage. During the quarter, net asset inflows exceeded US$1 billion. Trading activity remained robust, with Q1 total trading volume reaching a record high, up 140.5% YoY. Total trading orders grew 28.9% YoY, marking the ninth consecutive quarter of growth and also reaching a new high. By asset class, Singapore stock trading volume rose 106% YoY, while US stock and US options trading volume increased 37.6% and 56%, respectively, reflecting growing demand for global asset allocation among local investors. Tiger BOSS Debit Card*, Singapore's first debit card offering fractional share rewards for spending, continued to gain traction. Total cardholders increased 25% YoY in Q1, while monthly spending exceeded S$1 million (approximately US$780,000) for 11 consecutive months. During the quarter, the card added 14 new local brand partners, further expanding user benefits and local lifestyle offerings. In addition, the Company continued to strengthen its local brand presence and community engagement by supporting charity organization HaoRenHaoShi, reflecting its long-term commitment ...
