Wealthtech
StashAway Hits US$ 1 Billion AUM Milestone
StashAway, Southeast Asian digital wealth manager for retail and accredited investors, announced that they’re managing more than US$ 1 billion (SG$ 1.35 billion) since their launch in 2017. The firm said in a statement that it was able to generate
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Moneythor Nets Undisclosed Amount of Investment From Navis Capital Partners
Asia-based private equity firm Navis Capital Partners has made an investment in Singaporean fintech startup Moneythor for an undisclosed amount. Founded in 2013, Moneythor provides financial institutions and fintech firms with solutions to enhance their digital banking services. Navis was advised
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Digital Wealth Manager Syfe Rolls Out New Cash Management Solution
Syfe, a digital wealth management company licensed by the Monetary Authority of Singapore (MAS), has launched the Syfe Cash+ portfolio which is its latest cash management product that aims to enable all Singaporeans to grow their savings and still have
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Singapore Wealthtech Sector Continues to Grow; Sees Signs of Consolidation in 2021
In Singapore’s burgeoning 1,000+ strong fintech industry, the wealthtech subsegment continues to grow and mature on the back of increased appetite from investors, acquisition deals, and rising demands for automated financial advisory services, notably from the younger generations. But as
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iSTOX Launches Unicorn Fund in Digitised Securities Form
Digitised securities platform iSTOX announced that it has listed a unicorn fund in digitised securities form, allowing the creation of security tokens where manual processes can be automated and minimum investment ticket sizes to be reduced to US$20,000. This expands
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Lu International, KASIKORNBANK Launched Online Wealth Management Platform FinVest
Lu International, a subsidiary of Chinese personal financial services platform Lufax Holding, and KASIKORNBANK have launched FinVest, an online wealth management platform. They had announced their partnership back in August, teasing the release of the platform. The new digital investment
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Skyhook Capital and DASL Partner to Incorporate Digital Securities Into E-Wealth and Digital Banking
Skyhook Capital Pte Ltd (Skyhook), the Singapore headquartered fintech company focusing on the distribution of investment-grade digital assets to institutional and retail investors, has entered into a strategic partnership with Digital Asset Shared Ledger (DASL), the leading global digital asset
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Digital Wealth Manager Syfe Closes US$18.6 Million in Series A Funding Round
Singapore-based digital wealth manager Syfe announced that it has successfully closed a SG$25.2 million (US$18.6 million) Series A funding round led by fintech venture capital fund Valar Ventures. Other participants in the round include Presight Capital, and existing investor Unbound,
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Razer Fintech and Franklin Templeton Teams up to Design Digital Wealth Tools for the Youth
Franklin Templeton through its Singapore subsidiary, Templeton Asset Management, and Razer Fintech, the financial arm of Razer Inc, announced that they had signed a Memorandum of Understanding to foster a strategic collaboration in digital wealth management innovation, targeting youth and
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DBS Ex-Chief Innovation Officer Neal Cross Recounts His Journey from Banker to Entrepreneur
In just two years of commercial operation, Australian wealthtech startup PictureWealth has grown to more than AUD$2 billion in funds under advice, annualized revenues of AUD$20 million, and a client base of over 40,000 customers. This year only, the fast-growing
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