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04 October 2023

Against the backdrop of MoneyOwl and GrabAutoInvest closures, Gregory Van, Endowus’ CEO, shared that there will be increased consolidation as wealthtechs in Singapore and Asia mature, leading to some players exiting the market, and smaller players closing down. However, Endowus’ group asset management has exceeded S$6 billion as of Aug 2023, while its net inflows and revenue are at its peak for the first half of 2023 and surpassed the first half of 2022.

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