Exhibit 21.1

List of subsidiaries

Name of subsidiary	Background	Effective ownership
TAG International Limited (“TIL”)	●   British Virgin Islands company ●   Investment holding	100% owned by AGBA
TAG Asset Partners Limited (“TAP”)	●   British Virgin Islands company ●   Investment holding	100% owned by TIL
OnePlatform International Limited (“OIL”)	●   Hong Kong company ●   Investment holding	100% owned by TAP
TAG Asia Capital Holdings Limited (“TAC”)	●   British Virgin Islands company ●   Investment holding	100% owned by AGBA
OnePlatform Wealth Management Limited (“OWM”)	●   Hong Kong company ●   Provision of insurance and mandatory provident fund schemes brokerage services	99.89% owned by OIL
OnePlatform International Property Limited (“OIP”)	●   Hong Kong company ●   Provision of overseas real estate brokerage services	100% owned by OIL
OnePlatform Asset Management Limited (“OAM”)	●   Hong Kong company ●   Provision of investment advisory, funds dealing, introducing broker, and asset management services	100% owned by OIL
Kerberos (Nominee) Limited (“KNL”)	●   Hong Kong company ●   Provision of escrow services	100% owned by OAM
Maxthree Limited (“Maxthree”)	●   British Virgin Islands company ●   Investment holding	100% owned by OIL
OnePlatform Credit Limited (“OCL”)	●   Hong Kong company ●   Provision of money lending services	100% owned by Maxthree
Hong Kong Credit Corporation Limited (“HKCC”)	●   Hong Kong company ●   Provision of money lending services	100% owned by OCL
Trendy Reach Holdings Limited (“TRHL”)	●  British Virgin Islands company ●   Investment holding	100% owned by Maxthree
Profit Vision Limited (“PVL”)	●   Hong Kong company ●   Property investment holding	100% owned by TRHL
TAG Technologies Limited (“TAGTL”)	●   British Virgin Islands company ●   Investment in financial technology business	100% owned by TAC
AGBA Group Limited (“AGL”)	●   Hong Kong company ●   Operating as cost center for the Company	100% owned by TAGTL
Tandem Fintech Limited (“TFL”)	●   Hong Kong company ●   Operating an online insurance comparison platform	100% owned by TAC
AGBA Innovation Limited (“AGBA Innovation”)	●   Hong Kong company ●   No operations since inception	100% owned by OIL
FinLiving Limited	●   Hong Kong company ●   No operations since inception	100% owned by AGBA Innovation