Fintech start-up Apoidea announced it has raised tens of millions of Hong Kong dollars in its recent Pre-A round from E Capital, a private investment vehicle of tycoon Richard Li Tzar-kai.

Other individual investors include Cheah Cheng Hye, the co-chairman of Value Partners Group.

The investment would fund team expansion and business development in Southeast Asia, the company said.

The Hong Kong-based company was established in 2017 and engages in Artificial Intelligence solutions in the financial sector. The company has launched  products such as financial analysis automation and a stock market monitoring system.