Singaporean Robo-Advisor StashAway Raises USD$12 Million in Series B Fundingby Fintechnews Singapore July 29, 2019
StashAway, a robo-advisor for both retail and accredited investors, has completed a USD$12 million (SGD$16.4 million) Series B round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International.
Asia Capital & Advisors, the private equity firm led by Francis Rozario and Aaron Rozario, also participated. Asia Capital & Advisors invested in StashAway’s Pre-Series A and Series A.
This round brings StashAway’s total funds raised to date to USD$20.4 million.
In a statement to the media, StashAway claims that tens of thousands of people of 125 nationalities and living in 77 countries have opened an account and used the platform since StashAway first launched in Singapore in July 2017.
Since its Series A fundraising round in March 2018, StashAway entered its second country, Malaysia