All information by public companies and bona fide investors is verified using machine-reading algorithms to scan stock exchange filings.

In order to make better sense of unexplained spikes in market activity, he thought of a platform to consolidate big data and relevant information and he spent 20 months and $250,000 developing the app.

[7] On 1 April 2016, Spiking was released for free download on the iOS App Store, providing financial information about 8,000 sophisticated investors operating on the Singapore Exchange (SGX).

At the moment of the launch in April 2016, the company expressed its intention to expand through seed funding into regional markets with high smart phone penetration.

[8][18][19] In October 2016, Spiking was the Gold Winner of Singapore infocomm Technology Federation Awards 2016 at the category Best Innovative Start-up (Early Stage).

[26] In August 2018, a new seed and pre-A funding reached a total of S$2.23 million, necessary for further expansion of the platform, including by adding digital assets covered in the international cryptocurrency markets.

[27] Spiking raised more than US$30 million in the initial token offering for its blockchain platform, conducted in three phases, in October - December 2018.