TROOPS, Inc. receives initial payment in $10M investment from Wang & Lee Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 03 2025
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Investment Announcement: TROOPS, Inc. (TROO) has secured an initial investment exceeding $10 million from Wang & Lee Group (WLGS), expected to be finalized by mid-April.
Technology Integration: The partnership aims to incorporate advanced AI, IoT, and blockchain technologies into TROOPS' offerings, as announced on March 31.
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About TROO
TROOPS Inc is an investment holding company principally engaged in the provision of consultancy services for insurance products. The Company operates its business through five segments. The Consultancy Services for Insurance Products segment is mainly engaged in the provision of consulting services that supports the insurance and financial management industry. The Money Lending segment is mainly engaged in the provision of mortgage loans. The Property Lease and Management segment is mainly engaged in the property investment business. The Advisory and Referral Services segment is mainly engaged in the provision of consulting and services. The Applications, Technology, and Services segment is mainly engaged in the provision of the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions including application programming interface (API) services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
