, Singapore
187 views
Photo by Cottonbro Studio from Pexels

Big banks, investors fund Endowus digital wealth leadership in Asia

It was able to raise $35m from global banks, existing investors, and four Asian billionaire families.

Digital wealth platform, Endowus, said that it raised $35m from its latest funding round.

Previous investors who participated in this funding round include include UBS Next, Singapore’s EDBI, Prosus Ventures owned by Naspers, Lightspeed Venture Partners, Singtel Innov8, and Endowus employees.

ALSO READ: Endowus Private Wealth expands alternative offerings

New contributors include Citi Ventures and MUFG Innovation Partners, as well as four of Asia’s richest families with numerous operating businesses in banking to real estate across Singapore, Southeast Asia, and Greater China including Hong Kong.

Join Asian Banking & Finance community

Endowus said the new set of funds will be utilised for scaling and boosting its services in Singapore and Hong Kong.

 

Follow the link s for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Entrepreneurship remains a pipedream for many Filipinos
Enterprisers struggle with cumbersome loan requirements and high collateral.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
Westpac appoints Kate Dee as chief people officer
She has been the chief people officer of Bupa Asia Pacific since 2018.
Retail Banking
SMBC inks MOU to explore commercialization of stablecoins
They will explore technical, regulatory, and market infrastructure requirements for it.

Exclusives

Entrepreneurship remains a pipedream for many Filipinos
Enterprisers struggle with cumbersome loan requirements and high collateral.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
BCA superapp drives digital transaction growth
Inter-account transfers were the most widely used service, followed by virtual payments.