EDBI-Backed Wealth Management Startup Raises $35 Million To Expand In Hong Kong

Singapore-based Endowus has raised a total of US$95 million in funding to date, from partners including Citi Ventures, MUFG and four Asian billionaire families. Reporting 80% revenue growth in 2022, the wealthtech firm now looks to enhance its offerings in Hong Kong. The initial market launch included a fee-only wealth platform, a self-serve fund platform with 200+ funds, and private wealth management. Endowus' dedicated tech stack for Hong Kong has yielded positive initial responses, solidifying its standing in the competitive wealth management sector.