Singapore-based Endowus, the first digital advisor for CPF, SRS, and cash savings has secured $17.5 million in funding, bringing total funding to US$110 million. The latest funding round includes existing investors Prosus Ventures, UBS, and MUFG, as well as newcomers Osk Ventures, The Wells Investment, and Jlin Llc. Endowus secured US$35 million funding last year.
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The new investments will help Endowus enter a significant Asian wealth market. In order to better serve its high-net-worth and mass-affluent clientele, it also intends to invest in AI and upgrade its technology.
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Endowus works with more than 80+ global fund managers, democratising access to world-class investment strategies across public markets, private markets, hedge funds and alternatives – leading the industry in providing a 100% Cashback on trailer fees on the funds offered on the platform. The strength of our wealth management service is underpinned by a dedicated team of investment professionals and expert client advisors who previously worked in some of the largest global finance conglomerates.
Globally, Endowus has attained several awards and recognition from renowned institutions. This includes being named as one of the leading WealthTech providers in the Fortune Fintech Innovators Asia 2024 list, Singapore’s Best Digital Wealth Management service by Asia Asset Management’s Best of Best Awards 2024 and named as one of the World Economic Forum’s Technology Pioneers 2023.
About Endowus
Founded in 2017, Endowus is Asia’s leading independent digital wealth platform. We are licensed to operate in both Hong Kong and Singapore and we are the first digital advisor in the region to provide bespoke investment solutions for personal savings, private wealth and public pension (CPF & SRS in Singapore). We help investors grow their wealth holistically, with conflict-free advice and access to institutional financial solutions at low and fair fees, through a personalised digital wealth experience.
