Wealthtech

Endowus Strengthens Its Investment Office With 2 Key Appointments

Singaporean digital wealth platform Endowus has made two strategic hires with the appointment of Sean Wong as its Head of Investments, and Min Axthelm as its Director of Research. Both Sean’s and Min’s extensive experience is critical in further enhancing

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New Wealth Partners With Apiax for Real-Time Cross-Border Compliance Checks

New Wealth, a Singaporean B2B wealthtech company, announced that it has tied up with Switzerland’s regtech firm Apiax to embed actionable compliance knowledge into its software to ensure relationship managers are compliant at all times. This collaboration will help banks

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Investment App Gotrade Raises US$15.5 Million, Expands to Indonesia

Fractional share trading startup Gotrade has raised US$15.5 million in a Series A round led by Velocity Capital Fintech Ventures, bringing its total funding to US$22.5 million. The funding round also saw participation from MUFG, BeeNext, Kibo Ventures, as well

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Sygnum Singapore Gets In-Principle Approvals to Expand Digital Asset Offerings

Sygnum, the digital asset technology group based in Singapore and Switzerland, has received in-principle approvals from the Monetary Authority of Singapore to expand its digital asset product offerings. The company already has an existing Capital Markets Services (CMS) license and

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Women Are Disciplined Savers but Only a Third Are Invested, StanChart Survey Says

Women are showing strong interest and intention to invest more with their money, with almost half of them (46%) listing investment as their top goal. However, only 36% of them currently hold an existing investment, according to insights obtained from

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ADDX Appoints CEO to Pave the Way for US$1 Billion Ambitions by 2023

Singapore Exchange-backed private market platform ADDX announced that Oi-Yee Choo will be appointed its Chief Executive Officer. Choo joined ADDX as Chief Commercial Officer in January 2020, moving from UBS, where she was Head of Investment Banking for Singapore. With

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Hydra X Graduates MAS’ Sandbox, Secures Capital Markets Services License

Singaporean fintech Hydra X announced that it has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). The CMS license will allow Hydra X to deal in and provide custodial services for capital market

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Vietnam’s Retail Investment App Infina Bags US$6 Million in Seed Funding

Vietnam’s retail investment app Infina announced they have closed US$6 million in seed funding from Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks. Infina was part of Surge’s sixth cohort which is a rapid

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MAS to Combat Greenwashing in the Asset Management Industry

The Monetary Authority of Singapore (MAS) is fully committed to working with the asset management industry to combat greenwashing at both the fund and firm-level. Tan Keng Heng, MAS’ Executive Director said during the Investment Management Association of Singapore’s 8th

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Endowus Launches Income Portfolios Tailored for Each Generation’s Needs

Digital wealth app Endowus has officially launched the Endowus Income Portfolios, which were designed to match the different needs, risk appetites and goals according to the varying life stages of Singapore-based investors. The three life-stage based portfolios – Stable Income

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