#Asia Singapore fintech startup nets US$500K pre-Series A funding

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Offering real-time financial monitoring and user alerts, the 500 Startups-backed company is aiming to penetrate other key financial markets

Fintech startup Call Levels has closed a pre-Series A round of close to US$500,000 led by 500 Startups, according to an official release today.

A consortium of angel investors, including Timothy Teo (ex-GIC and JP Morgan), Gracelyn Ho (ex-Morgan Stanley) and Koh Boon Hwee (Co-founder of private equity firm Credence Partners), also participated in the round.

Call Levels is a real-time financial monitoring and alert service designed to help traders monitor financial assets price movements through a mobile app, which is available to download free on iOS, Android and Apple Watch.

With plans to expand out of Singapore and penetrate key financial markets such as New York, London and Hong Kong, Co-founders Daniel Chia and Cynthia Siantar will be using the funding to acquire new users and grow the team.

“It’s simple and it works. This is why so many people use it. But the data they’re collecting is incredibly valuable,” said Khailee Ng, Managing Partner of 500 Startups.

Founded in September 2014, almost 10,000 Call Levels — which refers to the price of an asset at which users set an alert — have been created in the last 30 days with a day-on-day growth of 21 per cent and week-on-week growth of 35 per cent, according to the release.

Also Read: Fintech players should anticipate these three trends

Photo credit: Shutterstock

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