Futu SG (moomoo) sinks roots in Singapore with Shopee as its exclusive e-commerce partner
As part of Futu Singapore’s (Futu SG) commitment to democratise investing for all, it has partnered with leading e-commerce platform in Southeast Asia and Taiwan, Shopee, to offer its users attractive rewards for the ongoing 10.10 campaign so that more can get started on investing via the moomoo platform.
This innovative partnership comes on the back of increased engagement on both e-commerce and retail investing platforms fuelled by the Covid-19 pandemic
Futu SG, a wholly-owned subsidiary of the Nasdaq-listed and Tencent-backed Futu Holdings, which offers investment products for trading via moomoo, has already seen over 220,000 sign-ups including 100,000 paying clients in Singapore in under three months since it entered the market in March 2021. Not resting on its laurels, it has continuously been introducing more value-added products and services to investors including exploring industry and cross-industry collaborations to do so.
“The moomoo investing platform has been receiving warm reception in Singapore, and we attribute it down to innovative, forward-thinking approaches to reach out to the young investor community, which makes up the majority of our client base,” said Mr Gavin Chia, Managing Director, Futu SG.
“For this year’s 10.10 collaboration (Sept 22, 2021 – Oct 10, 2021) with Shopee, we hope to not only welcome onboard Shopee users who are keen to invest, but also all who may not be thinking about investing at the moment. Our aim is to educate the masses about the importance of taking charge of your financial future, and provide all the support they need along their investment journey – from beginner to intermediate and all the way to the more seasoned investors.
10.10 Campaign Collaboration
The collaboration’s main highlight would thrill Shopee users as they stand a chance to win Tesla, Facebook, or Coca-Cola stocks simply by shopping on the platform. These stocks are worth an estimated of USD 770, USD 330 & USD 50 respectively.
Chua Cheng Xun, Head of Marketing, Shopee Singapore shared that Shopee is “committed to providing a personalised, engaging and social shopping experience for all users.”
He added: “We are excited to have a partner in the online financial services field, which will allow us to deliver not only attractive rewards to our users, but also meaningful ones that will resonate with them.”
The 10.10 shopping event is the perfect opportunity for buyers to shop, win and be introduced to investing at the same time. With over 600 free stocks to be won, winners will get to experience investing on the popular moomoo platform upon successful redemption of these free stocks.
Here’s how it works. For every dollar spent on Shopee, each user is entitled to one chance to win. They can also choose to double their chances on 10 October 2021. It only takes 3 steps to participate:
Step 1: Access this link, click on the redemption button and input your Shopee username to complete the moomoo account registration.
Step 2: Earn 1 chance for every S$1 spent on Shopee. On 25 September and 10 October 2021, double the chances for every S$1 spent. For new Shopee users, earn 5X the chances.
Step 3: Winners will be notified by 15 October 2021. The lucky winners will receive a push notification from Shopee and an email notification from FUTU Singapore.
Existing moomoo users will not be forgotten. For Shopee users who are currently trading on moomoo, they also stand a chance to redeem 180 days of free commission trading on Singapore, Hong Kong & US markets on 10 October 2021 via this link.
Additionally, existing moomoo users can use their in-app moomoo rewards points to redeem Shopee vouchers. There is a total of S$75,000 worth of Shopee vouchers to be given away.
Additional welcome bundle by Futu SG in month of Oct 2021
On top of the prizes from the Shopee 10.10 joint campaign, Futu SG is also rewarding new users with welcome rewards in the form of free stock cash coupons, commission-free trading and free access to market data for a month (From Oct 2 to Nov 1, 2021). In total, they’re worth around S$3,600.
Other strategic partnerships by Futu SG
Futu SG has been working closely with local and regional fund houses and investing communities to introduce more product-focus educational materials to its investors. The topics are diverse, and can cover topics such as ESG (Environmental, Social, Governance), and portfolio diversification via derivatives so that they can help investors better manage their portfolios as well as explore more investing opportunities.
“We are fast-rooting ourselves in the Singapore market. Moving forward, we will have more exciting industry and cross-industry partnerships and initiatives to share, as we continue our strong momentum and growth here,” said Mr Chia.
To learn more, visit https://www.futusg.com/