FinTech News
Seeking Alpha Partnering with FinTech Brokerage Moomoo
Investment research platform Seeking Alpha and the FinTech brokerage app Moomoo are teaming up to bring investors a special offer.
About the partnership:
This week, Seeking Alpha announced a partnership with Moomoo. While the promotion will begin today, it’s expected to span three months. During that time, there will be reciprocal benefits for customers of both platforms.
First, when Seeking Alpha users open a new brokerage account with Moomoo, they may be able to earn bonuses including free stocks, increased yield offers, and more. However, these offers will vary depending on what market customers are in. Meanwhile, when Moomoo users sign up for an annual subscription to Alpha Picks for the first time, they’ll be eligible to earn a $250 cash reward. This reward will be credited to users’ Moomoo accounts within 30 days of signing up for the subscription. Currently, an annual membership for Alpha Picks retails at $499.
What they’re saying:
Commenting on the new partnership, Seeking Alpha’s VP of Marketing DJ Collins said, “We’ve seen Moomoo’s remarkable progress in international expansion these years, and the brand is increasingly recognized by global investors and financial institutions. We are pleased to take this opportunity to introduce Moomoo to our users and invite them to explore Moomoo’s diverse features.” Colling continued, “Both of us share the same mission of empowering global investors and helping them make informed decisions in today’s complex and ever-evolving market.”
On the other end of the team-up, Moomoo’s VP of Strategy Justin Zacks said of working with Seeking Alpha, “We are excited to partner with Seeking Alpha to improve our users’ experience,” adding, “For sophisticated investors in the Seeking Alpha community, Moomoo’s professional-caliber investing tools can assist them in achieving their financial goals more efficiently.”
My thoughts:
I realize that you shouldn’t judge a book by its cover or a company by its name… but it must be an uphill battle having an app called “Moomoo” and then trying to attract serious, advanced investors. Moreover, having checked out the Moomoo app in the past, while there are interesting charts and data to be found, there’s also a lot of confusing fluff that I’m not sure will appeal to the types of investors that would rely on the likes of Seeking Alpha. Of course, I trust that those being the latter brand know more than me and that this partnership really does make sense.
If nothing else, for those who have been looking to spend $500 on an Alpha Picks subscription, this deal is a good chance to essentially get half off that membership.
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