Arta Finance, a fintech firm serving as an investment advisor, announced it has secured funding from EDBI, the investment arm of the Singapore Economic Development Board.
The investment will support the expansion of Arta Finance‘s digital wealth platform in Singapore and internationally.
Founded by former Google executives and based in both the US and Singapore, Arta Finance aims to provide broader access to financial tools and products typically available only to the ultra-wealthy.
The platform offers investment opportunities and strategies traditionally reserved for family offices and private banks, but with a more accessible and user-friendly interface.
Arta Finance uses artificial intelligence and technology to create personalised investment strategies, supported by dedicated assistance for each member.
EDBI joins Arta’s group of global investors, which includes Peak XV, Ribbit Capital, and Coatue.
The funding will help Arta develop its platform and contribute to fostering Singapore’s venture-building ecosystem.
Currently operating in the US, Arta Finance is preparing for its international expansion, beginning with Singapore later this year.
The company has reported significant growth in its US member base over the past 18 months, attracting both new and experienced investors.
Those interested in Arta Finance’s Singapore launch can register on the company’s website.
Caesar Sengupta, CEO of Arta Finance, said,
“We are incredibly grateful for the support from EDB, who have been with us right from the start. Their guidance has been instrumental in helping us bring Arta’s offering to life.
We are excited to welcome EDBI as an investor in Arta, further solidifying our vision to scale our platform globally. Together, we are committed to creating a wealth management platform that sets new standards in the industry.”
Paul Ng, CEO of EDBI said,
“Arta’s decision to establish its global headquarters and develop an AI-enabled fintech platform in Singapore underscores the country’s robust innovation ecosystem and advanced digital infrastructure, making it a prime destination for global founders to scale their businesses.
The company is a valuable addition to our ecosystem and is set to create exciting job opportunities.”
Featured image credit: Edited from Freepik
