To expand its team and develop technology-driven products, RockFlow, an investment and financing platform, announced yesterday that it has secured $10 million in angel round funding from BlueRun Ventures and other prominent venture capital companies.
Founded in July last year, RockFlow was established to become the Robinhood of Asia with a focus on Gen Z investors. Through the use of innovative technologies like AI, RockFlow aims to facilitate young and first-time investors.
"The new generation will have a strong demand for investment and financing when they grow up, but the investment products in the market now are still very traditional and complex, which has become an obstacle for those young people to participate in," commented one of the investors of RockFlow. "Robinhood's outbreak during the pandemic proved the potential of the investment market, which is why I am so bullish on RockFlow."
According to RockFlow, the company is planning to reduce barriers to entry in the investing world. The platform of RockFlow allows participants to invest in the US and Hong Kong stocks for as little as $1.
Technology
RockFlow’s Founder, Vakee Lai highlighted the importance of technology in the financial services industry and noted that innovative and convenient products allow new participants to take advantage of the growing global investing ecosystem.
"Whether it's value investor or quantitative investor, everyone should have their preferred brokerage platform and enjoy the fun in the investment wonderland,” Lai said.
Through the platform of RockFlow, users can invest in a wide range of financial assets, including stocks, futures, forex, bonds, fractional shares, ETFs and mutual funds to enjoy a one-stop investment experience.
Speaking of the original intention of founding RockFlow, Lai, who has years of investment experience, said: "I enjoy investment very much, so I want to create a smart product and let more people experience the fun of it."
