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UP Fintech: Revenue Hits Three-Year High, Net Profit up 42% YoY, Client Assets Reach Record US$32.9 Billion

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HONG KONG and SINGAPORE and NEW YORK, June 5, 2024 /PRNewswire/ — UP Fintech Holding Limited (“UP Fintech” or the “Company”, NASDAQ: TIGR, and all its subsidiaries and consolidated entities), a leading online brokerage firm committed to redefining global investing through next-generation technologies, today announced its unaudited financial results for the first quarter ended March 31, 2024. In the first quarter, the company achieved a total revenue of US$78.9 million, marking a 19% year-over-year (YoY) increase and achieving a nearly three-year high. Non-GAAP net income attributable to UP Fintech was US$14.7 million, 12.9 times increase quarter-over-quarter (QoQ) and a YoY surge of 42.4%.

In the first quarter of 2024, the Company added 51,700 new global account holders, an increase of 8.1% quarter-over-quarter, bringing the total number of global accounts to 2.25 million. 28,800 newly funded accounts were added, driving the total number of funded accounts to 933,400, a YoY increase of 15%. As of the end of May, the number of newly funded clients in the second quarter has already exceeded the first quarter’s increase. Additionally, market trading activity increased in the first quarter, with the Company’s total trading volume growing 27.4% YoY to US$85.4 billion. Net asset inflow remained strong, reaching US$5.3 billion for the quarter, which pushed total client assets up by 7.4% QoQ and 103.8% YoY to an all-time high of US$32.9 billion. Over 75% of total client assets now come from clients in markets such as Singapore, Australia, New Zealand, and the US.

UP Fintech’s founder and CEO, Wu Tianhua, stated, “This quarter, we have continued to deepen our presence in markets such as Singapore and Hong Kong. In Singapore, we launched the first local debit card that rewards users with fractional shares from their purchases, aiming to help novice investors participate in the financial markets and increase their investment awareness. We also introduced the Cash Boost trading account, becoming the first tech broker in Singapore to support contra trading strategies. Eligible clients will be able to trade US, Singapore, and Hong Kong stocks and ETFs without pre-depositing funds, thus improving capital efficiency. In Hong Kong, we have pioneered virtual asset trading services for professional investors, allowing them to trade stocks, ETFs, options, futures, funds, and virtual assets all within one app, facilitating global asset allocation. We are applying to extend this service to retail investors, leading the way in enhancing the tech brokerage experience in Hong Kong.”

Launched SG’s first debit card that rewards fractional shares 
HK: record US$18,000 net asset inflow per newly funded client

At its headquarters in Singapore, the Company was the first among tech brokers to reach the milestone of one million users. The company continues to deepen its product and service offerings, driving quarter-over-quarter growth in client assets for five consecutive quarters. Client quality remains high, with the average net asset inflow per new funded client in Q1 staying at US$14,000.

At the end of February, the Company launched the “Tiger BOSS Debit Card” in partnership*, the first debit card in Singapore that offers instant rewards in the form of cashback in fractional shares of popular stocks with every daily spend. Supporting customers with an entirely online application process and fast card issuance, the BOSS Card also provides competitive foreign exchange rates and can seamlessly integrate with all major Visa-supported e-wallets for contactless payments, catering to users’ demand for hassle-free payment solutions. For novice investors grappling with limited capital, the prospect of investing in renowned company stocks often appears daunting. However, through the incentivization of fractional shares, the Tiger BOSS Debit Card opens doors for all investors to participate in the investment landscape, nurturing greater awareness and confidence in financial markets.

For the more seasoned traders in the local market, the Company has also launched the Cash Boost Account tailored for the Singapore market after undergoing internal testing in the first quarter. This account marks the Company as the first fintech broker in the market to provide contra facilities. Through the Cash Boost Account, investors gain access to trading limits and can execute trades without requiring any initial capital. This capability empowers them to seize investment opportunities promptly and enhance capital utilization efficiency.

In Hong Kong, the Company has attracted more high-quality clients through its cost-effective global trading services. During the period, the client asset was up 40% quarter over quarter, with the average net asset inflow of local newly funded clients reaching a record high of US$18,000. As a designated securities broker for the Retail Bond issued by the Airport Authority Hong Kong, the Company introduces the “13 waiver” promotion, which waived charges including subscription fees, allocation fees, and margin interest. This initiative provides Hong Kong clients with accessible subscription opportunities, receiving positive feedback.

Following the upgrade of the Type 1 License by the Hong Kong Securities and Futures Commission (SFC) to include virtual asset trading service for professional investors in January, the Company has become one of the pioneering brokers in Hong Kong to support trading of virtual assets alongside traditional financial assets such as Hong Kong and US stocks, options, futures, ETFs, all within a single app. The Company is applying to expand the virtual asset dealing service to retail investors, subject to the authority’s approval.

Additionally, Tiger has obtained a Type 9 license from the SFC, authorizing the Company to provide asset management service, including discretionary accounts service to both retail clients and professional investors and asset management service to collective investment schemes offered to professional investors only.

With the bolstering of brand influence, the Company has garnered increased trust from investors in Australia, witnessing a 20.5% uptick in trading accounts in Q1 compared to the previous quarter, and the net inflow of clients was nearly triple that of the previous quarter. As one of the few local tech brokers supporting US stock options trading, the number of orders for US stock options trading surged by 35.1% during the period QoQ. The company collaborated with local financial media technology firm Grafa to integrate AI-driven data, news, and analysis into Tiger Trade, offering investors more precise market insights. Moreover, by co-hosting recruitment fairs, seminars, and other events with the University of Western Australia, the Company further solidifies its commitment to localized development, supporting the long-term growth of local financial technology talents and industries.

In New Zealand, the Company saw an impressive growth, with a QoQ increase of 77% in newly funded clients and 87.9% increase in new trading clients in the first quarter. The Company has also been prioritizing investor education, spreading financial knowledge through various mediums such as graphics, videos, and more.

24-Hour US stock trading launched: 500+ stocks and ETFs available
Tiger Vault surges in HK: user base doubled

In the first quarter, commission income reached US$27.8 million and interest-related income climbed to US$46.7 million, marking a QoQ increase of approximately 8.2%.

The Company continues to enhance the one-stop global investment experience at Tiger Trade, including adding cryptocurrency market data, US and HK virtual asset spot ETF trading**. 24-hour US stock trading is now available to users, expected to support 500+ stocks and ETFs, eliminating time zone constraints. Options trading has been upgraded, introducing US options early exercise and do-not-exercise feature, which enhance strategy flexibility. With comprehensive options data and new features such as multi-leg orders and options rolling, client US stock options trading saw a 36.2% increase in average weekly orders and doubled transaction amounts compared to the previous quarter. More users are engaging with Trading Feed, a feature facilitating investing inspiration, with a 205.7% QoQ increase in subscribers and an 80.4% increase in daily trading feed posts. The system now intelligently suggests relevant sharers based on user preferences, ensuring personalized and convenient content discovery.

In the first quarter, both AUM and the number of users of the Company’s wealth management services doubled YoY. The Company’s cash management service, “Tiger Vault,” saw increased popularity, particularly in Hong Kong, with a 92.5% rise in number of users QoQ. The Company launched a US Treasury section in the app, offering a selection of the highest-yield US Treasuries and ETFs based on maturity, enabling flexible investment choices. Compared to last quarter, the number of clients trading US Treasuries has nearly doubled, and AUM has increased more than sixfold. In Singapore, the Company introduced structured notes products such as Fixed Coupon Notes, supported by well-known financial institutions, offering various options for tailored investment strategies with instant quotes. Tiger Wealth has also been upgraded to a primary tab in the Tiger Trade app, providing easy access to money market funds, fund rankings, ETFs, US Treasuries, and notes, making asset allocation more convenient for users.

Ranked third among HK IPO underwriters
UponeShare SaaS revenue doubled YoY

During the reporting period, UP Fintech’s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$4.5 million.

In terms of investment banking, the Company ranked third among the bookrunners for Hong Kong IPOs during the period, underwriting IPOs for four companies including Changjiu Holdings Limited, Concord Healthcare, and QYUNS-B. Additionally, leveraging its outstanding transaction execution capabilities, it facilitated three block trades and three share repurchase transactions for several Hong Kong and US-listed companies.

On the ESOP front, the Company’s brand UponeShare added 22 new clients this quarter, bringing the total number of serviced enterprise clients to 557. The average consulting fee for equity incentive plans increased by 33.6% year-over-year, highlighting the service value and market competitiveness. Additionally, due to high client renewal rates and increased SaaS annual fees, the company’s SaaS revenue surged by 159.9% YoY and 42.3% QoQ.

This quarter, Tiger Enterprise Account welcomed companies such as Fourth Paradigm and Guotai Junan International, bringing the total number of clients to 428. The “2023 Tiger Enterprise Account Annual List” was released, recognizing 40 companies across categories like “Most Popular” and “Communication Innovation.” Through these initiatives, the Company facilitates communication between leading enterprises and global investors, fueling industry growth.

*Tiger Brokers (Singapore) Pte Ltd has partnered with a local licensed partner which is regulated as a Major Payment Institution by The Monetary Authority of Singapore (MAS) to provide card issuance and account issuing services. License: PS20200413.

**Available in certain markets

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SOURCE UP Fintech Holding Limited

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Dutchie Launches Consumer AI featuring Voice AI, Agentic Commerce, Register Co-Pilot, and Consumer Pulse

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Voice AI on the phone, a Register Co-Pilot in-store, Agentic Commerce online, and Consumer Pulse across surveys & reviews, all built with the latest agentic AI tech into the core Dutchie platform.

BOSTON, June 15, 2026 /PRNewswire/ — Dutchie, the leading cannabis technology platform powering more than 6,500 dispensaries across North America with more than $100B in transactions processed, today announced Dutchie Consumer AI. Consumer AI is a new suite of four AI products extending Dutchie POS and E-commerce, designed to help cannabis retailers automate the routine, maximize basket size, own their reputation, and convert every touchpoint.

“Cannabis is reaching the same technology inflection point we’ve seen transform every major industry,” said Tim Barash, CEO of Dutchie. “Retailers are under growing pressure to improve profitability, run leaner businesses, and deliver more personalized consumer experiences, all while navigating one of the most complex regulatory environments. They need to be on the bleeding edge on this intense technology shift as consumers experience these tools in their daily lives. Our new Consumer AI suite is designed to remove operational burden, convert more interactions into revenue, and help teams make smarter decisions at scale.”

Dutchie Consumer AI is built directly into the workflows dispensaries already use every day, from inbound calls and e-commerce to checkout and reputation management. Every interaction runs on one customer identity, so the same customer can be supported across phone, online, in-store, and reviews, helping businesses capture more revenue, reduce operational friction, and better manage their brand presence.

The launch includes four integrated products:

Voice AI: Never miss a call or an order. An AI-powered phone receptionist that answers every call, helps customers place orders, confirm pickups, and check hours, directions, live inventory, and daily deals, or hands the call off to staff the moment a person is needed.
 Agentic Commerce: An agentic concierge for every online customer. It acts, it doesn’t just suggest. An AI shopping agent embedded into e-commerce and kiosk experiences that understands intent, builds the cart, and takes customers to checkout. It rebuilds a returning customer’s regular order in one tap from real order history, swaps out-of-stock items for the closest match, and helps new shoppers discover products through natural-language questions like “What’s your best indica for sleep under $40?”. Not a chat window in the bottom right of your screen – a true integrated experience that keeps the fun of shopping for cannabis products but helps you discover more, faster.
 Register Co-Pilot: Every budtender performs like your best one. Built directly into the Dutchie register, Co-Pilot gives every budtender real-time context, including purchase history, smart pairings, upsell recommendations, fast payments, and loyalty prompts, to help budtenders improve consistency, efficiency, and basket size at checkout.
 Consumer Pulse: Hear every customer, in surveys and reviews. A centralized dashboard that unifies first-party customer surveys from digital orders, receipts, and more with public reviews from across the web, surfacing AI-powered sentiment trends, top themes, and actionable alerts that help operators spot issues before they move their star rating, identify product trends, and respond faster to consumer feedback.

Dutchie Consumer AI comes at a pivotal moment for the cannabis industry, as federal rescheduling efforts and broader regulatory momentum begin reshaping how businesses think about long-term growth and operational strategy. As cannabis retail enters a more normalized and increasingly competitive phase, retailers are looking for integrated technology that can simplify day-to-day operations, improve retention, and support stronger margins.

“The future of cannabis retail isn’t about layering on more disconnected tools. It’s about building smarter functionality into the systems businesses already rely on,” said Chris Ostrowski, CTO of Dutchie. “We’re embedding AI into the places where retailers and consumers already engage, helping teams reduce manual work, uncover faster insights, and create more tailored shopping experiences in an increasingly competitive market.”

To learn more about Dutchie Consumer AI, visit dutchie.com/business/consumer-ai.

About Dutchie
Dutchie is the cannabis technology software platform enabling cannabis commerce, streamlining dispensary operations, and providing safe and easy access for consumers. Powering over 6,500 cannabis businesses throughout the U.S. and Canada, and facilitating over $100 billion in transactions, Dutchie is a complete cannabis operating system, providing solutions for point of sale, e-commerce, loyalty and marketing, seamless payments, and more. For additional information, please visit Dutchie.com

Media Contact
Martha N. Marshall
Trailblaze for Dutchie
dutchie@trailblaze.co

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SOURCE Dutchie

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Edible Arrangements® Unveils All-New Mobile App and Reimagined Edible Rewards™ Program

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The new mobile platform and updated loyalty program bring personalized gifting, exclusive perks and seamless repeat ordering together in one place

ATLANTA, June 15, 2026 /PRNewswire/ — Edible Arrangements® (Edible), the innovative e-commerce retail hub and modern gifting destination under the Edible Brands® portfolio, today announced the launch of its redesigned mobile app and reimagined Edible Rewards™ program, introducing a more personalized, seamless and rewarding way for customers to celebrate every occasion.

Available on iOS and Android, the all-new Edible app was redesigned to make gifting easier and more intuitive from discovery to checkout. Featuring personalized tools like gift reminders, tailored recommendations, saved addresses and quick reorder functionality, the experience helps customers celebrate every meaningful moment while simplifying the gifting process from start to finish.

Alongside the app update, Edible is launching a new rewards program featuring four membership tiers that give customers access to more benefits the more they shop. Existing members’ points and rewards will automatically transfer into the new program experience. Customers can earn points on every order and redeem points for discounts, free treats and app-exclusive perks. The rewards program also includes welcome offers, birthday perks and personalized savings designed to make every gifting occasion more rewarding.

“People want gifting to feel easy, thoughtful and personalized – especially in a world where everyone is juggling so much,” said Somia Farid Silber, chief executive officer of Edible Brands. “With the new app and Edible Rewards program, we wanted to create an experience that helps customers remember important moments, discover the right gift faster and feel rewarded every time they come back to us. It’s all part of continuing to evolve the brand in ways that better fit how people celebrate today.”

Customers can download the Edible app and enroll in Edible Rewards to begin earning points, receive a welcome reward and unlock exclusive app-only offers and perks. To browse Edible’s full collection of gifting options and learn more about Edible Rewards, visit edible.com.

About Edible Brands®
Atlanta-based Edible Brands® acquires, develops and manages a world-class portfolio of consumer brands renowned in the hospitality and foodservice sectors. Edible Brands has skillfully integrated an innovative e-commerce platform with a robust network of locally owned stores worldwide to meet consumers where they are. Edible Brands’ growing portfolio includes Edible Arrangements®, edibles.com®, and Rōti® Modern Mediterranean. For more information, visit ediblebrands.com.

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SOURCE Edible Brands

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Atom Computing and Phasecraft Announce Strategic Collaboration to Accelerate Development of Next-Generation Materials

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BOULDER, Colo. and LONDON, June 15, 2026 /PRNewswire/ — Atom Computing and quantum algorithms company Phasecraft today announced the signing of a Memorandum of Understanding (MOU) to explore how application-focused algorithms can be used to benchmark progress toward utility-scale quantum computers.

Through this MOU, the companies will collaborate on accelerating the delivery and adoption of quantum solutions in key application areas, such as the development of materials for batteries and photovoltaics. Through adapting Phasecraft’s advanced algorithms and software to Atom Computing’s neutral-atom quantum computing hardware, the collaboration aims to accelerate the path towards useful applications in materials science and energy.

Atom Computing continues to lead the quantum computing industry through its pioneering work in neutral-atom quantum technology. The company recently demonstrated a breakthrough in quantum error correction using toric code and announced a $100 million Letter of Intent with the U.S. Department of Commerce. Atom Computing is also deploying the world’s first commercial quantum computer with logical qubits and performing in Stage B of DARPA’s Quantum Benchmarking Initiative (QBI), where it is demonstrating its pathway to utility-scale quantum computing.

Phasecraft is the leading UK and US-based quantum algorithms company, developing advanced quantum algorithms to solve real-world problems in materials discovery, chemistry, and optimization. Its focus is on making quantum computing practical today by designing software that works with existing imperfect hardware, bridging the gap between current technology and future large-scale quantum systems.

“Unlocking the true commercial potential of quantum computing requires a tight synergy between breakthrough hardware and hardware-optimized software,” said Dr. Ben Bloom, CEO and Founder of Atom Computing. “By fine-tuning Phasecraft’s industry-leading algorithmic methods to our neutral-atom architecture, we can pave the way for a new generation of commercial applications in materials science and sustainable technology.”

“We are excited to collaborate with Atom Computing to advance quantum applications in material science,” said Prof. Ashley Montanaro, CEO and Co-Founder of Phasecraft. “Real-world quantum utility will come from combining advances in hardware with equally powerful advances in algorithms. By bringing together Atom’s scalable quantum computing platform and our hardware-adaptive algorithms, we can accelerate progress towards applications in energy storage, solar technology, and advanced materials.”

By aligning cutting-edge neutral-atom quantum computers with purpose-built quantum software, this collaboration represents a decisive step toward realizing quantum advantage in critical industries and accelerating innovation across the global energy and materials landscape.

About Atom Computing

Atom Computing is developing large-scale quantum computers to enable companies and researchers to achieve unprecedented computational breakthroughs. Utilizing highly scalable arrays of optically trapped neutral atoms, the company has developed systems with over 1,200 qubits, featuring advanced capabilities towards fault-tolerant quantum computing. Atom Computing’s on-premises systems provide customers with new computational tools and logical qubit capabilities to address increasingly complex applications and to grow their quantum ecosystem. In 2025 Atom Computing sold its first commercial on-premises quantum computer to QuNorth, a Nordic quantum initiative funded by EIFO and Novo Nordisk Foundation. Learn more at atom-computing.com and follow us on LinkedIn.

About Phasecraft

Phasecraft is the quantum algorithms company whose mission is to accelerate the practical application of quantum computing by redesigning quantum algorithms for the imperfect quantum computers of today. Phasecraft was founded in 2019 by Toby Cubitt, Ashley Montanaro, and John Morton, expert quantum scientists who have spent decades leading top research teams at UCL and the University of Bristol. Phasecraft works in partnership with leading quantum hardware companies, including Google, IBM, Quantinuum, and QuEra, academic and industry leaders, to develop high-efficiency algorithms to move quantum computing from experimental demonstrations to useful applications. Learn more: www.phasecraft.io.

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SOURCE Atom Computing

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