- Deal terms value Combined Group at over S$30 million- Enlarged customer base spans Gen X, Gen Y (Millennials) and Gen Z
- Combined talents and technologies to spur development of innovative products
- Merger provides for business partnerships with Advertisers, Sponsors, Key Opinion Leaders, and Brokerages
- Merged business footprint to expand beyond current markets in Singapore, Malaysia, Thailand and Indonesia
- Enlarged ShareInvestor Group sets its sights on Initial Public Offering (IPO) within the next few years
ShareInvestor Pte Ltd, Singapore's largest independent platform for investor relations, market data tools and investor education, today announced its merger with Investing Note Pte. Ltd., a fast-growing and profitable community-driven platform serving young retail investors since 2014. ShareInvestor is an established brand with a 22-year track record of profitability. The deal terms for the merger values the combined Group at more than S$30 million.
InvestingNote is renowned for its large following of Gen Y (Millennials) and Gen Z investors, due in no small part to its CEO, Shanison Lin Xinshan, being a Millennial himself who shares the younger generation's life aspirations, immersion in the digital world, and financial objectives.
Shanison's belief that financial literacy should be fun and profitable has powered Investing Note to be the largest social network for young retail investors in both Singapore and Malaysia. Advertisers, sponsors, key opinion leaders and brokerages have been quick to recognise the value of tying up with Investing Note to engage its subscriber base of youthful and enthusiastic investors.
ShareInvestor and InvestingNote have had a long and mutually fruitful association starting with Shanison joining ShareInvestor as a software engineer after he graduated from [NUS] in 2009 with a Bachelor of Information Technology on a Ministry of Education (MOE) scholarship, until 2014 when he left to start InvestingNote. In 2015, ShareInvestor took an initial 15% stake in the startup and subsequently both ShareInvestor and two of its senior Management increased their total stake to 32%. Throughout the years, ShareInvestor's senior Management has provided strategic guidance to InvestingNote, and the synergy that the two companies enjoy has spawned many successful project collaborations.
Mr Christopher Lee, CEO, ShareInvestor Group said: "The merger with InvestingNote is a natural progression for ShareInvestor given our long and synergistic relationship. It makes us even more attractive as a one-stop platform for advertisers, sponsors, key opinion leaders, brokerages and other financial intermediaries to forge win-win business partnerships with us. The merger also brings on board new talents and technologies and positions ShareInvestor as a future-ready financial intermediary for both traditional and digital assets."
Mr Shanison Lin Xinshan, Founder of InvestingNote, said: "This is a pivotal moment for us as we mark the beginning of the next phase of growth. ShareInvestor has always been our shareholder and close partner since the early days of InvestingNote. I am super excited about starting this new journey together!"
Commenting on the merger, Mr Chan Kum Kong, Head of Research and FinLit, Singapore Exchange (SGX Group) said, "With the rise of a younger generation of tech-savvy investors, there is a need for high quality information and innovative solutions for online communities to hone their investment skills.
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