Wealth adviser Endowus Group raises US$35 million to fund Hong Kong expansion, with an eye on Greater Bay Area potential

Singapore's Endowus Group, a digital wealth adviser, secures HK$273 million ($35 million) in funding, aiming to bolster its presence in Hong Kong. The company plans to utilise the proceeds for client acquisition, product education, and solutions development in the city, highlighting its strategic importance in the Greater Bay Area. With Hong Kong positioning itself as Asia's wealth management and hedge fund hub, Endowus views the region as promising for growth. The wealthtech platform obtained a license to operate in Hong Kong in 2022 and launched its services there this year.