Endowus has crossed the S$2 billion client asset mark, less than three years after launching operations.
Endowus is the first digital wealth management platform in Hong Kong that does not accept trailer fees or commissions.
Endowus has obtained the licenses for Type 1, Type 4 and Type 9 businesses from the Hong Kong Securities and Futures Commission.
Endowus has raised S$35 million led by Prosus Ventures and Singapore’s EDBI, to bankroll an expansion in Asia’s two regional financial hubs.
Endowus aims provide its Hong Kong clients with an enhanced and never-before wealth management experience.
Digital wealth platform Endowus has secured investments from UBS Group AG, Samsung Ventures and Singtel Innov8 to fuel expansion.
According to Endowus, as a global wealth manager, UBS will be its strategic partner while Samsung and Singtel Innov8 can help extend its reach with the former’s mobile technology expertise.
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