Dennis Bai's questions to UP Fintech Holding (TIGR) leadership • Q2 2025
Question
Dennis Bai from UBS Group AG requested a regional breakdown of the newly added customers with deposits in the second quarter. He also asked for the reasons behind the quarter-over-quarter decline in new funded accounts and the company's outlook on future customer growth.
Answer
A company representative provided the Q2 breakdown of new funded accounts: Singapore and Southeast Asia (50%), Hong Kong and Greater China (30%), Australia and New Zealand (15%), and the U.S. (5%). The representative explained that the sequential decline in new accounts was a deliberate result of adjusting customer acquisition channels to focus on higher-quality users, which proved effective as the nearly 40,000 new users in Q2 contributed more net asset inflow than the 60,000+ new users from Q1, and at a 10% lower CAC. The company plans to continue this strategy of prioritizing user quality and client assets.