Singapore wealth management platform Endowus raises $35M

Singapore's Endowus secures $35M in funding with new and existing investors. The wealth management platform stands out by serving private wealth and public pension, offering a fully automated process for investors. Endowus further differentiates by providing top-performing funds managed by professionals, rebating all trailer commission fees through cashbacks. It has over $5 billion in assets under management, and US$40 million created in savings for clients. Co-founder Samuel Rhee emphasises the outsized opportunity for wealthtech players in the APAC region, which accounts for a significant portion of global wealth.