Endowus leads Fintech industry with #2 rank in LinkedIn's Top Start-ups of 2021
Kickbacks embedded in the cost of funds that users unknowingly pay for, eat into their returns over time. Contributed by Gregory Van, CEO Endowus.
Endowus offers access to "superior" investment products, personalised advice, and lower costs on a digital investment platform for all investors
The Singapore-based platform has secured new strategic investors in heavyweights UBS, Samsung and Singtel Innov8, to fund its expansion in Singapore and Hong Kong.
Digital wealth platform Endowus has secured three "strategic investors", including financial services group UBS, in a further affirmation of its business model.
According to Endowus, as a global wealth manager, UBS will be its strategic partner while Samsung and Singtel Innov8 can help extend its reach with the former’s mobile technology expertise.
Wealth platform Endowus has secured investments from UBS Group AG, Samsung Ventures and Singtel Innov8 to fuel expansion in Singapore and Hong Kong.
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This is the first external fund-raising for Endowus, which until now has been 100-per-cent owned and funded by its employees.
New funds will be used to scale up the Singapore business and expand into other key Asian markets, such as Hong Kong.
Singapore-based Endowus offers retail, accredited, and institutional investors a platform to invest cash, CPF and SRS.
Endowus said that it will use the additional resources and support from its VC partners for its expansion plans in Asia.
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