RTTNews | Sep 10, 2021 07:19AM EDT

07:19 Friday, September 10, 2021 (RTTNews.com) - Shares of UP Fintech Holding Limited (TIGR) are up more than 4% in the pre-market on Friday after the company announced its second-quarter revenue, which nearly doubled from last year.

The online brokerage firm had revenue of $60.2 million in the second quarter compared with $30.3 million in the same quarter a year ago.

The company said 60% of the newly funded accounts were derived from international markets in the quarter, and the growth was driven by enhanced platform capabilities and rising demand for convenient access to global brokerage services.

UP Fintech's total funded accounts increased to 529,100 and the total account balance increased 188.9% year-over-year to $23.9 billion.

Its new funded account additions in the first six months of 2021 were more than what it did in the entire cumulative operating history, the company noted.

"User experience has always been our top priority and we see significant room for growth as we continue to broaden our global footprint in the near-term," Wu Tianhua, founder and CEO of UP Fintech said.

TIGR closed Thursday's regular trading at $13.38, up 0.9%. The stock is currently at $13.97.

Read the original article on RTTNews ( https://www.rttnews.com/3224748/up-fintech-holding-gains-4-in-pre-market-as-second-quarter-revenue-surges.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved