Wealth tech Endowus Raises S$23 Million according to Fuel Its Expansion Plans within Asia.


Singapore-based digital prosperity advisor Endowus introduced so much that has perfect a S$23 lot preceding close regarding its Series A funding round.

It used to be conveyed by Lightspeed Venture Partners, a international hazard metropolis firm, along participation beside SoftBank Ventures Asia.

Endowus noted as that wish utilizes the extra sources or help beyond its VC companions because its growth plans between Asia.

This is the forward exterior fundraise because Endowus, who according to date has been totally owned or funded by way of its employees.

Endowus is a MAS-licensed funding tribune then the digital consultant for Central Provident Fund (CPF), Supplementary Retirement Scheme (SRS) and cash investing.

Endowus lately launched the industry’s first multi-asset, multi-manager globally various Sustainable ESG (Environmental, Social & Governance) investment portfolios because retail buyers among Singapore.

Gregory Van, Founding Partner yet Chief Executive Officer concerning Endowus said, “We are diminished but acid in imitation of hold the self assurance of Lightspeed and SoftBank Ventures Asia along their current funding within Endowus into aid about our issue to help Singaporeans invest higher throughout all theirs fortune – Cash, CPF & SRS.

In the previous year, such has additionally launched Cash Smart, a money administration solution, or Fund Smart, which approves investors in conformity with build customized portfolios out of a selection about institutional share-class yet trailer-fee fair fund curated via the Endowus Investment Office.

Samuel Rhee, Founding Partner yet Chairman on Endowus said, “We began “Day 1” along the mission in accordance with resolve the greatest challenges then problems concerning beauty or cash certain as like retirement adequacy.

As the first-and-only CPF digital advisor and at last the quickest rising digital appearance board among Singapore, Endowus is accomplishing so aim and the recent fundraising will help to us carry so banishment regarding the organization or imaginative and prescient on the future between truth because of all Singapore-based investors.

The prosperity we’ve considered between Singapore this previous yr proves so much our solutions are assembly the needs on investors, along some of twins clients acquired concerning our tribune investing across more than one wealth streams. And including the identical rigour, we desire enlarge our offerings in conformity with sordid accomplishment markets in the region, starting including Hong Kong.”


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