Flush with funds, SG's wealth management platforms chart next phase of growth

Photo: Tech Daily / Unsplash.com

Flush with capital from recent fundraisings, Singapore’s digital wealth management platforms are now busy charting a new growth path — expansion to new geographies, thinking up new products and features, and hiring top talent.

Players in the sector closed five funding rounds between late March and early July, show data compiled by DealStreetAsia. In comparison, there was only one wealth tech deal in the same period last year — StashAway’s $16 million Series B led by Square Peg Capital in July.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter