Endowus has successfully increased its latest fundraising round to over US$50 million, bringing its total funding to date to over US$110 million. This round saw participation from strategic and impact investors, including Prosus Ventures, UBS, MUFG, OSK Ventures, and basketball star Jeremy Lin's impact fund, JLIN LLC. The funds will be used to enhance Endowus's technology, expand its product offerings, and grow its presence in key markets such as Hong Kong and Singapore. Additionally, Endowus has surpassed US$7 billion in client assets, underscoring its rapid growth and the increasing trust from its clients.
Audrey Siek from MoneyFM chats with Endowus Chief Investment Officer Hugh Chung on global financial markets in 2024, rising living costs, inflation, and the pressures that come with the increasing retirement age in Singapore. Hugh also goes into detail on what to expect from the markets in 2025 as well as diversification strategies to leverage through the year.
Endowus has raised an additional US$17.5 million in funding, bringing its total funding to over US$110 million. The latest round includes new investors such as OSK Ventures and basketball star Jeremy Lin's JLIN LLC, alongside existing backers like Prosus Ventures, UBS, and MUFG. The funds will be used to enhance Endowus's technology, expand its product offerings, and strengthen its presence in key markets, particularly Hong Kong and Singapore.
Endowus secured an additional US$17.5 million in funding, bringing its total funding for the round to US$52.5 million following a previous raise last year. The new funding will be used to enhance Endowus's technology, expand its product offerings, and grow its presence in key markets such as Hong Kong and Singapore. Notable new investors include basketball star Jeremy Lin's impact fund, JLIN LLC, and OSK Ventures.
Endowus raised US$17.5 million in a funding round that includes new investors such as basketball star Jeremy Lin and his impact fund, JLIN LLC, alongside OSK Ventures. This latest funding round brings Endowus's total funding to US$52.5 million. The capital will be used to enhance its technology and expand its services in key markets, including Hong Kong and Singapore. They aim to democratize access to high-quality investment products and provide transparent, low-cost wealth management solutions.
Samuel Rhee, Co-Founder and Chairman of Endowus, reflects on 2024's digital transformation in wealth management, driven by client demand for transparency and personalization. He highlights the shift towards client-centric models, increased interest in private markets, and the rise of sustainable investing. He anticipates continued innovation in digital wealth management, with technology enhancing client experiences and operational efficiencies. Endowus plans to expand its investment solutions and focus on client education.
Samuel Rhee, Co-Founder and Chairman at Endowus shared his insights on market predictions, investment strategies, and the macroeconomic events shaping the financial landscape of 2025 on BT Money Hacks. He notes that according to history, the US presidency does not affect the outcome of the markets, as equities have always gone up no matter who is the president. He advises investors to develop a financial plan with precise goals, and only take appropriate risk according to your risk appetite.
Endowus, a leading digital wealth platform in Asia, has expanded its private credit offerings by partnering with HPS Investment Partners. This collaboration introduces HPS' private credit strategies to Endowus' Alternatives platform, specifically targeting Endowus Private Wealth clients. HPS Investment Partners is renowned for its expertise in private credit, managing over US$101 billion in assets. The partnership aims to provide clients with diversified investment opportunities, focusing on generating attractive risk-adjusted returns.
Endowus, a leading digital wealth management platform, has announced a strategic partnership with HPS Investment Partners, a global investment firm specializing in private credit. This collaboration aims to provide Endowus clients with enhanced access to private credit investments, a key asset class known for its potential to offer attractive risk-adjusted returns and portfolio diversification.
Endowus, a leading digital wealth platform in Asia, has announced an expansion of its private credit offerings through a partnership with HPS Investment Partners. This collaboration aims to provide Endowus clients with access to a broader range of private credit investment opportunities. HPS Investment Partners is a global investment firm with significant experience and expertise in private credit markets. The partnership is expected to enhance Endowus’ investment solutions and provide clients with diversified income streams and the potential for higher returns.
Hugh Chung, chief investment officer at Endowus, says Scott Bessent's nomination as Treasury Secretary is being "received positively by the market." According to Chung, Bessent is "viewed as a pragmatist when it comes to policy" and he is expected to take "a gradual stance" on tariffs. He also says corporate earnings will continue to drive sentiment, particularly in the US. He speaks on Bloomberg Television.
Endowus Chief Executive Officer, Gregory Van talks about the complexity of the financial industry and simplifying it to serve lives. Van believes that early mistakes in his investment journey helped him understand the distinction between speculation and investing, shaping his approach to building a meaningful financial service while overcoming the challenges of bootstrapping the company.
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