Fung added that the company continued to have a growth plan for Australia.
“We’re only just scratching the surface of the Australian market and estimate we’re about 0.1 percent of the way towards our overall market potential. We could absolutely bunker down in Australia but we love a challenge, and there’s no time like the present,” he said.
The UK launch will be led by Lucas London, who has worked with a number of start-ups as a mentor and spent five years at UK-based hedge fund Clareville Capital.
A number of local staff will be moving to London to manage the expansion.
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