Fintech
Futu Holdings Limited Q4 Financial Results: 2021 Revenues Up 114.9% YoY With 17 Million Users Worldwide
Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform that provides investment services through its proprietary digital platforms Futubull and moomoo, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021.
The financial results show that Futu secured a solid performance in the fourth quarter, with a revenue of US$205.5 million and a Non-GAAP adjusted net income of US$68.4 million.
Revenues continued to grow, with brokerage commission and handling charge income up 19.3% to US$109.9 million, interest income up 83.3% to US$79.2 million, and other income (including wealth management and corporate services) slightly down 2.2% to US$16.4 million on a year-over-year basis.
As of year end, Futu revenues totaled US$912.3 million, up 114.9% year-over-year, and Non-GAAP adjusted net income was US$373.0 million, up 113.3% year-over-year.
As of quarter end, users of Futu’s two proprietary digital platforms, moomoo and Futubull, exceeded 17.40 million, up 45.8% year-over-year. They cover more than 200 countries and regions worldwide; the number of registered clients grew to 2.75 million, up 93.8% year-over-year; the number of paying clients reached 1.24 million, up 140.8% year-over-year. The company also maintained a high quarterly client retention rate of 97%.
What is noteworthy is that Futu exceeded its full-year paying client guidance by adding approximately 728,000 paying clients in 2021. In the fourth quarter, around 90% of new paying clients came from Hong Kong SAR, the US and Singapore. Quarter-end client assets reached US$52.3 billion, up 43.0% year-over-year.
In addition, Futu’s total trading volume was US$157.2 billion in the fourth quarter and US$787 billion for the full year, approximately 1.77 times the 2020 volume. Daily Average Revenue Trades (“DARTs”) reached 543,806, up 17.6% year-over-year.
HK Paying Clients Increased by Over 100% YoY for 7 Consecutive Quarters
Having established itself in Hong Kong, Futu is a tech-driven digital fintech company that delivers unparalleled investing services through its proprietary digital platforms, Futubull and moomoo to investors worldwide.
In Hong Kong, Futu continued to reinforce its position as the leading retail brokerage with a robust increase in market share recent years. In the fourth quarter, the number of paying clients in Hong Kong grew by 108.7% year-over-year, achieving triple-digit growth for the seventh consecutive quarter. Futu is not only popular among young investors, but also gradually gains traction among mature investors, making it the top-of-mind platform trusted by investors of all ages in Hong Kong. Among paying clients in Hong Kong, those aged 40 or above accounted for more than 30%.
Futubull Community stays the second-largest social investing community in Hong Kong in terms of active users and UGC content, leading the social investment trend. Based on trading day data in 2021, an average Hong Kong user spent as long as 38.4 minutes on the Futubull app. On an average trading day, there were 368,000 active Hong Kong users in the online Community, and 120,000 pieces of UGC content were produced.
moomoo Gained Market Share Steadily in the US and Singapore
In the fourth quarter, moomoo further increased its visibility in markets such as the US and Singapore, and won wide recognition among investors with its unique user experience and excellent customer service.
In the US, moomoo has become a popular tech-driven brokerage platform for local investors, with the number of users soaring and its local market share gradually expanding. In the fourth quarter, moomoo won the “2021 Best Active Trading App” award by Investing Simple, and was also named the “2021 Best for Active Traders” by Benzinga, a well-known US financial website.
In Singapore, moomoo’s market share grew to record high. According to Population Pyramid’s Population of Singapore 2021 data, the number of moomoo users in Singapore as of the fourth quarter has accounted for 1/10 of Singapore’s adult population over the age of 20. moomoo further penetrated among high-income and well-educated people in Singapore, and the asset management scale under Futu in Singapore increased by 25.7% quarter-over-quarter.
moomoo has been committed to helping investors enrich their investment knowledge since its inception. As of the fourth quarter, more than 300 investing videos and infographic courses have been launched on the moomoo App and website, covering stocks, options, funds, and other financial instruments in catering diversified learning objectives.
At present, moomoo has become the pioneer in promoting financial literacy in Singapore, and has established cooperation with more than 30 local financial institutions, unicorn companies, and universities to jointly enhance public awareness of gaining financial and investing knowledge. In the fourth quarter, moomoo joined hands with the Singapore Exchange, SAFRA, Nasdaq, etc., to hold online seminars in encouraging new generation to pick up financial management knowledge and skills.
In the United States, moomoo also cooperated with the financial website Finder.com to roll out stock trading tutorial videos and articles to preparing beginners to advanced level, which has won wide praise from American users.
With Australian Financial Services Licence Acquired, Futu Now Holds 44 Licences Worldwide
In the fourth quarter, Futu announced that it had successfully acquired an Australian-based company, Futu Securities (Australia) Ltd. Futu Securities (Australia) Ltd holds an Australian Financial Services License (“AFSL”). The AFSL is a license granted and regulated by the Australian Securities and Investments Commission (ASIC) and with AFSL, Futu Securities (Australia) Ltd is now qualified to provide one-stop online brokerage services to local investors. Australia is the third international market that moomoo enters after the US and Singapore.
As of quarter end, Futu and its subsidiaries hold 44 licenses in the US, Hong Kong SAR, Singapore, Australia, and Europe markets.
Fund investors Increased by 231% Year-over-Year
In the fourth quarter, Futu’s another promising business, wealth management, maintained a rapid growth trend and the asset under management reached HK$18.8 billion (approximately US$2.41 billion), a year-over-year increase of 83.5%. The penetration rate of investors who currently hold fund units and investors who have subscribed to funds both achieved new records. As of quarter-end, the number of investors who hold fund units was 140,000, a year-over-year increase of 231.0%.
In the fourth quarter, AUM of private investment funds in Q4 continued to expand by 621.0% year-over-year and by 120.3% on a quarter-over-quarter basis.
Since its launch, Futu’s wealth management brand Money Plus has always adhered to highly quantitative fund selection methodology, continued to establish and strengthen cooperation with world-renowned financial institutions, and provided diverse and high-quality fund products for global clients. As of quarter end, 60 prestigious financial institutions have partnered with Futu Money Plus, of which 4 were newly onboared in the fourth quarter, including Fidelity International, AXA Investment Managers, and Natixis Investment Managers.
In the Singapore market, Futu has won the favor of numerous investors with a series of selected fund products and customized services. As of quarter end, Futu Singapore Pte. Ltd. (“Futu Singapor”) has entered partnerships with 20 world-class financial institutions, and fund AUM and the number of fund investors have increased by more than 400% quarter-over-quarter.
IPO Distributions and IR Service Corporate Clients Up 125% Year-over-Year
As a well-versed industry player in providing enterprise services such as IPO distribution, IR and PR services, and one-stop ESOP equity incentive programs through its corporate business brand Futu I&E, Futu has become the go-to choice for numerous companies worth over HK$100 billion.
As of quarter end, Futu had provided IPO distribution and IR services for 236 companies, a year-over-year increase of 124.8%. In the fourth quarter, Futu participated in a number of sought-after Hong Kong IPOs such as SenseTime, SF Intra-City, ANE Inc., and MicroPort MedBot. Among the newly listed companies in Hong Kong in 2021, all of which with a market cap of over HK$100 billion chose to cooperate with Futu I&E. Futu I&E IPO and IR service execution excellence was recognized by more and more industry leaders, with its brand and reputation further sustained.
Also, Futu’s IPO distribution business in Singapore made new progress. Futu Singapore was entrusted by Nikko Asset Management and served as one of its participating dealers for the listing of NikkoAM- StraitsTrading MSCI China Electric Vehicles And Future Mobility ETF on the Singapore Exchange. The ETF subscription amount via Futu Singapore ranked the first among retail brokers.
As of quarter end, Futu Enterprise Services had served 400 ESOP clients, a year-over-year increase of 151.6%. Clients include industry leaders in consumption, healthcare, cutting-edge technologies, TMT, and other sectors, such as HEYTEA, Zihaiguo, AInnovation, Advanced Manufacturing EDA and HuiGene Therapeutics.
Drawing upon more than 17 million individual investors and an active community ecology, Futu has successfully attracted over 800 companies to open an enterprise page. Among them, well-known public companies such as Hang Lung Properties, MicroPort Medbot, Xinyi Solar Holdings, China Feihe joined in the fourth quarter. Through the moomoo and Futubull communities, Futu has built a bridge of communications between listed companies and individual investors, promoting mutual understanding and positive interactions between the two sides.
The fintech landscape continues to redefine itself, driven by innovation, partnerships, and groundbreaking strategies. Today’s roundup focuses on the latest digital wallet offerings, evolving payment trends, strategic collaborations, and notable funding achievements. This editorial explores the broader implications of these developments, casting light on how they shape the future of fintech and beyond.
Beacon’s Digital Wallet for Immigrants: A Gateway to Financial Inclusion
Beacon Financial, a leading player in financial technology, recently launched a digital wallet tailored to meet the unique needs of immigrants moving to Canada. This offering bridges a critical gap, enabling seamless financial integration for newcomers navigating a foreign system.
By combining intuitive technology with user-centric features, Beacon aims to empower immigrants with tools for payments, savings, and remittances. This aligns with the growing demand for tailored financial products that resonate with specific demographics.
Op-Ed Insight:
Financial inclusion is more than just a buzzword; it’s a moral imperative in the fintech space. Products like Beacon’s digital wallet highlight the industry’s potential to create tangible change. As global migration trends increase, such offerings could inspire similar initiatives worldwide.
Source: Fintech Futures.
Juniper Research Highlights 2025’s Payment Trends
Juniper Research’s latest report unveils pivotal payment trends poised to dominate in 2025. Central themes include the adoption of instant payment networks, a surge in embedded finance solutions, and the rise of crypto-backed financial products.
The research underscores the rapid adoption of real-time payment systems, fueled by increasing consumer demand for speed and efficiency. Meanwhile, embedded finance promises to blur the lines between traditional banking and non-financial services, delivering personalized and context-specific solutions.
Op-Ed Insight:
As the lines between financial services and technology continue to blur, these trends emphasize the industry’s shift toward convenience and personalization. The growing role of crypto-based solutions reflects an evolving consumer mindset, where decentralization and digital-first experiences gain precedence.
Source: Juniper Research.
MeaWallet and Integrated Finance Partner to Revolutionize Digital Wallets
MeaWallet, a prominent fintech solutions provider, has partnered with Integrated Finance to advance digital wallet capabilities and secure card data access for fintech companies. This collaboration focuses on empowering fintechs to deliver better, safer digital payment experiences.
MeaWallet’s role as a technology enabler aligns seamlessly with Integrated Finance’s goal of simplifying complex financial infrastructures. Together, they aim to create scalable, robust platforms for secure payment solutions.
Op-Ed Insight:
Partnerships like this underscore the importance of collaboration in driving innovation. As security concerns grow in tandem with digital payment adoption, solutions addressing these challenges are essential for maintaining consumer trust. The fintech ecosystem thrives when synergy and innovation coalesce.
Source: MeaWallet News.
Nucleus Security Among Deloitte’s Fastest-Growing Companies
Nucleus Security has achieved a remarkable milestone, ranking 85th on Deloitte’s 2024 Technology Fast 500 list. This achievement is attributed to its robust cybersecurity solutions, which cater to the increasingly digital fintech environment.
With cyberattacks becoming more sophisticated, fintech companies are under immense pressure to safeguard their platforms. Nucleus Security’s growth reflects the rising demand for comprehensive, scalable security solutions that protect sensitive financial data.
Op-Ed Insight:
In a digital-first world, robust cybersecurity isn’t optional—it’s fundamental. The recognition of companies like Nucleus Security signals the growing importance of protecting fintech infrastructure as the industry scales globally.
Source: PR Newswire.
OpenYield Secures Funding to Transform the Bond Market
OpenYield has announced a successful funding round, aiming to revolutionize the bond market through innovative technology. The platform promises greater transparency, efficiency, and accessibility in fixed-income investments.
This funding underscores the growing appetite for digitizing traditionally opaque financial markets. By leveraging cutting-edge technology, OpenYield seeks to democratize bond investments, making them accessible to a broader audience.
Op-Ed Insight:
The bond market, long viewed as complex and inaccessible, is ripe for disruption. OpenYield’s efforts to modernize this space highlight fintech’s transformative potential to democratize finance and empower individual investors.
Source: PR Newswire.
Key Takeaways: Shaping the Future of Fintech
Today’s developments underscore several critical themes in the fintech landscape:
- Personalization and Inclusion: Products like Beacon’s wallet highlight the importance of understanding and addressing specific user needs.
- Collaborative Ecosystems: Partnerships, like that of MeaWallet and Integrated Finance, emphasize the power of collaboration in solving industry challenges.
- Emerging Technologies: Juniper Research’s predictions affirm the continued influence of blockchain, embedded finance, and instant payment networks.
- Security at the Core: The recognition of Nucleus Security underscores the essential role of cybersecurity in fintech.
- Market Transformation: OpenYield’s funding signifies the ongoing disruption of traditional financial markets, paving the way for broader accessibility.
The post Fintech Pulse: Daily Industry Brief – A Dive into Today’s Emerging Trends and Innovations appeared first on News, Events, Advertising Options.
As fintech continues to reshape the global financial landscape, today’s briefing highlights pivotal developments, strategic expansions, and innovative launches across the industry. This op-ed explores the latest advancements with commentary on their potential impacts and challenges.
Finastra Data Breach: A Wake-Up Call for Fintech Security
Source: KrebsOnSecurity
The cybersecurity landscape is buzzing after Finastra, one of the largest financial technology providers globally, confirmed an investigation into a potential data breach. Reports suggest unauthorized access to its systems, raising concerns about data security across its client base, which includes thousands of banks and financial institutions worldwide.
Implications and Challenges
While the details of the breach remain sparse, this incident underscores a glaring vulnerability in the fintech sector—cybersecurity. As financial services increasingly rely on interconnected ecosystems, breaches like these threaten not only individual institutions but also the trust customers place in fintech platforms.
The key takeaway for the fintech industry is clear: proactive cybersecurity strategies must go beyond compliance. Real-time threat detection, robust encryption standards, and regular audits are no longer optional but essential for maintaining operational integrity.
Future Considerations
This breach could trigger a domino effect, prompting regulators to tighten security standards and requiring fintech companies to double down on investments in data protection. Startups and mid-tier players, often lacking extensive cybersecurity budgets, may face significant pressure to keep pace.
PayPal Resurrects Money Pooling Feature
Source: TechCrunch
In a bid to stay ahead of the competition, PayPal is reintroducing its Money Pooling feature, a popular tool that was discontinued in 2021. The feature allows users to pool funds collectively, catering to families, small businesses, and social groups.
Strategic Revival
This move reflects PayPal’s commitment to customer-centric innovation. By reinstating a feature beloved by its user base, the company seeks to reclaim market share lost to emerging competitors offering similar functionalities.
Broader Industry Impacts
Money pooling represents a broader trend in fintech—customized solutions that cater to niche needs. This reintroduction may inspire competitors like Venmo and CashApp to refine their collaborative payment offerings.
While this move strengthens PayPal’s ecosystem, its success will depend on seamless integration with existing services and robust fraud prevention mechanisms to avoid abuse of the feature.
Santander Expands Fintech Reach in Mexico
Source: Yahoo Finance
Santander is making waves in the Latin American fintech space with the launch of a dedicated fintech unit in Mexico. The initiative aims to capitalize on Mexico’s growing fintech adoption and digital payments market, valued at billions of dollars annually.
Strategic Significance
Santander’s expansion into Mexico highlights the region’s untapped potential. Latin America is a burgeoning market for fintech, driven by increasing smartphone penetration, a youthful demographic, and demand for accessible financial services.
Challenges on the Horizon
While Mexico offers immense opportunities, regulatory complexities and market competition from local players like Clip and Konfío pose significant challenges. Santander will need to blend its global expertise with local adaptability to succeed in this dynamic market.
2024 Global Fintech Awards: Spotlighting Excellence
Source: PRNewswire
Benzinga has announced the winners of the 2024 Global Fintech Awards, honoring companies and individuals driving innovation in financial technology. This year’s winners spanned categories like blockchain, artificial intelligence, and payment solutions.
Recognizing Industry Leaders
Awards like these highlight the collaborative spirit and entrepreneurial drive fueling fintech growth. Recognizing trailblazers not only motivates incumbents but also inspires startups to push the boundaries of innovation.
What It Means for the Ecosystem
The awards also bring attention to emerging technologies. Categories such as blockchain and AI signal the industry’s continued focus on leveraging cutting-edge tech for efficiency and scalability.
Commonwealth Central Credit Union Partners with Jack Henry
Source: FinTech Futures
Commonwealth Central Credit Union (CCCU) has announced a partnership with Jack Henry, a leading financial technology provider, for a comprehensive tech upgrade. The collaboration focuses on enhancing member experience through improved digital services.
Modernizing Member Experiences
Credit unions have often lagged behind major banks in adopting advanced digital solutions. By partnering with Jack Henry, CCCU aims to bridge this gap, offering members streamlined services such as mobile banking, automated lending, and personalized financial tools.
A Growing Trend
This partnership reflects a broader trend in the financial industry—credit unions and smaller banks embracing fintech to remain competitive. As customer expectations evolve, partnerships like this may become the norm rather than the exception.
Key Takeaways for the Fintech Industry
- Cybersecurity is Critical: The Finastra breach underscores the need for robust security measures.
- Innovation Drives Loyalty: PayPal’s revival of its Money Pooling feature highlights the importance of listening to customers.
- Regional Opportunities: Santander’s expansion into Mexico showcases the untapped potential of emerging markets.
- Recognition Matters: Awards like Benzinga’s provide valuable visibility for companies and individuals shaping the industry.
- Partnerships Foster Growth: Collaborations between credit unions and fintech companies signify a trend towards modernized financial solutions.
The post Fintech Pulse: Industry Updates, Innovations, and Strategic Moves appeared first on News, Events, Advertising Options.
The fintech sector continues its relentless drive toward innovation and market dominance. Today’s highlights include a record-breaking customer milestone for Revolut, groundbreaking fintech solutions for women in the EU, open entries for the PayTech Awards 2025, implications of political shifts on funding, and notable recognition at the US FinTech Awards.
Revolut Hits 50 Million Customers: A Global Fintech Giant’s Milestone
Source: Revolut
Revolut, the UK-based financial super app, has achieved a monumental feat: surpassing 50 million customers worldwide. This milestone underscores its position as a leader in the global fintech landscape, furthering its ambition to create the world’s first truly global bank.
Key to this success has been Revolut’s strategy of expanding its offerings, from banking to travel and crypto services, all within a seamless user experience. The company’s recent ventures into emerging markets such as Latin America and Asia demonstrate its intent to bridge financial services gaps while retaining competitive differentiation through technology.
This milestone is not just a triumph for Revolut but a signal of fintech’s capacity to redefine traditional banking. It reinforces the narrative that digital-first strategies, customer-centric innovation, and international scalability can challenge long-standing financial institutions.
PayTech Awards 2025: Celebrating Excellence in Innovation
Source: FinTech Futures
The PayTech Awards 2025 are officially open for entries, promising to spotlight the brightest minds and most innovative projects in the payment technology sector. These awards are a testament to the industry’s commitment to advancing secure, seamless, and scalable payment systems.
This year, the focus is on emerging technologies that redefine how businesses and consumers interact financially. Categories will recognize achievements across multiple domains, including sustainability in payments, AI-driven solutions, and partnerships that push boundaries.
As fintech companies prepare their entries, the awards provide a timely reminder of the sector’s ongoing evolution and the collaborative efforts required to achieve meaningful breakthroughs.
U.S. Politics and the Fintech Sector: A New Era of Funding?
Source: American Banker
The U.S. fintech sector might witness an infusion of optimism as speculation about a second Trump presidency gains momentum. The Trump-era policies of deregulation and venture capital encouragement are remembered as catalysts for unprecedented fintech growth during his first term.
While it remains uncertain how regulatory landscapes will shift, the possibility of a more relaxed approach toward fintech compliance could rejuvenate funding inflows. Investors and startups alike are watching closely, weighing the potential benefits against long-term risks tied to reduced oversight.
A politically charged backdrop often spells volatility, but for fintech, it may also spell opportunity. Preparing to adapt quickly will be crucial for startups and established players in the face of any regulatory pivot.
Klara AI and Unlimit: Addressing the €1.3 Trillion Female Economy
Source: FF News
Klara AI has teamed up with Unlimit to launch a fintech solution aimed at empowering women across the EU. This collaboration targets the €1.3 trillion female economy by addressing the unique financial needs of women entrepreneurs and consumers.
The solution promises to integrate AI-powered tools with streamlined financial management services, enabling users to access credit, manage investments, and scale businesses effectively. By tailoring services to the underserved female demographic, the partnership hopes to drive financial inclusion and support economic growth.
This initiative stands as a blueprint for fintechs exploring niche markets, proving that innovation tailored to specific segments can yield transformative results.
Autire: Accounting Tech of the Year at US FinTech Awards
Source: Business Wire
Autire, a rising star in financial technology, has been crowned ‘Accounting Tech of the Year’ at the US FinTech Awards 2024. The award recognizes Autire’s ability to blend cutting-edge AI with intuitive user interfaces, delivering unparalleled accounting solutions for businesses of all sizes.
Autire’s platform has gained traction for automating complex accounting tasks, ensuring compliance, and delivering actionable insights through real-time analytics. Its emphasis on reducing administrative burdens for SMEs has been particularly impactful, enabling entrepreneurs to focus on growth rather than bookkeeping.
The recognition not only cements Autire’s reputation but also highlights the role of AI-driven accounting solutions in reshaping business operations globally.
Final Thoughts: A Fintech Revolution in Full Swing
From customer milestones to policy-driven opportunities, the fintech ecosystem is in constant evolution. Revolut’s ascent to 50 million users signals growing consumer trust in digital platforms. The PayTech Awards continue to inspire innovation, while political shifts could redefine the regulatory landscape. Initiatives like Klara AI and Unlimit emphasize the power of targeted solutions, and companies like Autire show how niche technologies can achieve broad impact.
The next phase of fintech growth will likely hinge on inclusivity, adaptability, and innovation—pillars that today’s news stories exemplify.
The post Fintech Pulse: Milestones, Partnerships, and Transformations in Fintech appeared first on .
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