SOURCE: Motif Investing

Motif Investing

January 20, 2015 11:20 ET

Chinese Internet Leader Renren Invests $40 Million in Motif Investing

Renren Founder, Joe Chen, and Former Goldman Sachs, Boston Consulting Group Executive, Carl Stern, Join Board of Directors

SAN MATEO, CA--(Marketwired - January 20, 2015) - Motif Investing, an online broker pioneering concept-driven investing for individuals and financial advisors, today announced that Renren, the leading social networking platform in China, has invested $40 million to assist Motif in its international expansion. The company also announced that Renren founder, Joe Chen joined the company's Board of Directors along with Carl Stern, former Vice Chairman of the Investment Banking Division at Goldman Sachs and former Chairman and CEO at The Boston Consulting Group.

"We believe Motif Investing is the kind of company that can transform markets," said Mr. Chen. "Its disruptive technology has broad application to retail and institutional investing in the US and international markets."

"Joe is one of the most respected pioneers in China's thriving Internet market," said Hardeep Walia, CEO and founder of Motif Investing. "I am thrilled to have him on our Board and look forward to working with him as we consider the complexities of being a global company."

"Motif Investing is experiencing success because it provides a differentiated model to advisors and retail investors that make smart investing simple at minimal cost," said Mr. Stern. "I look forward to working with Hardeep to help Motif continue to grow both in the US and abroad."

About Motif Investing
Motif Investing is a next-generation online broker that is pioneering concept-driven investing for individuals and financial advisors. The company, based in Silicon Valley, allows investors to trade "motifs"-intelligently-weighted basket of stocks and bonds built around themes, investing styles or multi-asset models-in single transactions for low fees. Motif Investing is a registered broker dealer and a member of SIPC. The company's investors include Goldman Sachs, JPMorgan Chase, Renren, Balderton Capital, Foundation Capital, Ignition Partners, Norwest Venture Partners, and Wicklow Capital. Board members include former SEC Chairman Arthur Levitt and former Boston Consulting Group Chairman Carl Stern. © 2014 Motif Investing, Inc. Member FINRA/SIPC. All rights reserved.

About Renren
Renren Inc. (NYSE: RENN) operates a leading real name social networking internet platform in China. It enables users to connect and communicate with each other, share information and user generated content, play online games, watch videos and enjoy a wide range of other features and services. Renren.com had approximately 219 million activated users as of September 30, 2014.