Digital Wealth Advisory Platform Endowus Increases Total Funding to $110M+

Endowus, Asia’s digital wealth advisory platform has increased its total funding to over $110 million.

As noted in the announcement, an additional raise of $17.5 million follows from their $35 million raise last year to take the total for this round to $52.5M.

New investors include Malaysia-based OSK Ventures and Asia Companion Fund (ACF) managed by the Wells Investment and JLIN LLC, the mission-driven firm established to make “positive impact by professional basketball player Jeremy Lin.”

This is reportedly ACF’s first FinTech investment in Asia.

Existing investors that committed more capital to the firm’s growth include tech investor Prosus, the “largest” consumer internet company in Europe by asset value, as well as FIs, UBS AG and MUFG Innovation Partners.

Endowus has been intentional in building out its investor base to those that are aligned with the mission and vision of the company and “will leverage the expertise and experience to augment its efforts to focus on helping individuals invest better to live better.”

Samuel Rhee, Co-founder and Chairman of Endowus said:

“Our responsibility is to continuously evolve and grow to deliver value to all stakeholders. The commitment to bring the best global practices of transparency, integrity and fiduciary duty to our industry has brought strong support from like-minded partners who share our vision to transform the wealth management industry for the better and we are excited to welcome high-quality investors who are aligned to our mission. The focus now is to continue to invest in talent and technologies to grow well with our clients.”

Martin Tschopp, CEO of Prosus Ventures said:

“True innovation happens slowly and then fast. We look forward to the company accelerating the technological innovation, application of AI and exceptional user experience in the wealth industry across Asia.”

Gregory Van, Co-founder and CEO of Endowus said:

“Endowus is building multiple compounding businesses that ride on many structural advancements. The desire for aligned advice, better access at lower cost, trillions in generational wealth transfer, adoption of artificial intelligence all need to be met to serve our clients better.”

‍The Group marked its 5-year milestone since officially launching in Singapore in 2019, with Group assets “exceeding US$7 billion (S$10 billion) as of November 2024.”

Licensed in Singapore and recently in Hong Kong, Endowus serves “as a fiduciary wealth advisor and fee-only fund platform to hundreds of thousands of individual investors, family offices and institutions.”

Endowus works with asset managers across asset classes – cash management, fixed income, equities, private equity, private credit, hedge funds and alternatives – to serve its clients “holistically across their private wealth and public pension wealth.”

Endowus is known in Singapore as the digital advisor to offer comprehensive investment solutions across “wealth sources — Cash savings, Central Provident Fund (CPF) savings, and Supplementary Retirement Scheme (SRS) savings. CPF and SRS client pension assets on the platform crossed S$2 billion, seeing over 60% year-on-year growth.”

The funding will facilitate the expansion of Endowus’ growth and services across Asia’s wealth hubs of Singapore and Hong Kong.

Heavy investments in talent and technologies including its “adoption of artificial intelligence (AI) to enhance the client experience and operational efficiency of the company.”

Endowus will aim to enhance its offerings to its “core mass affluent” and high-net-worth client bases, with an emphasis on its role in “solving for better access, better advice, and better conflict-free fees.”

It is committed to expanding investment offerings for alternatives including hedge funds and private market investors under its Endowus Private Wealth (EPW) brand working with the “global General Partners (GPs) such as Apollo, Ares, Blackstone, Blue Owl, Carlysle, EQT, KKR, Partners Group, and many others.”



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