Kristal.AI Triples Global AUM in One Year, Crosses US$1 Billion Milestoneby Fintech News Singapore August 25, 2022
Digital private wealth management platform Kristal.AI announced that it has crossed US$1 billion in Assets under Management (AUM), tripling its global AUM over the last twelve months.
In the first seven months of this year, Kristal has grown its user base by over 50% in comparison to the existing 2021 user base.
This growth has been broad-based, with both private wealth and retail businesses significantly adding to the total user count. Notably, the growth of private wealth businesses has accelerated both Kristal’s user growth and AUM per client.
Kristal also saw a significant number of private wealth clients opting for its Digital Family Office (DFO) offering, thereby accelerating AUM growth. Its DFO clients now account for around 50% of the total asset-base.
To manage its growth, the wealthtech startup has also made a series of senior appointments in the C-suite within investment advisory and marketing functions, coming with experience in several renowned global organisations.
Asheesh Chanda, Founder and CEO of Kristal.AI said,
“The mass affluent and emerging HNWI class of investors in Asia are growing exponentially. As we cross the US$1B mark in AUM, we intend to fully capture this segment and have tailored our private wealth solutions to address their needs.
Since our inception, we have always prided ourselves on relentless innovation and digitalszation and this is showcased through our platform, which offers hybrid investment advisory combining the high tech of AI and the high touch of human experts.”