Robo-advisor StashAway out to woo Thailand's wealthy investors

Bangkok

SINGAPORE-BASED robo-advisor StashAway, which expanded its operations into Thailand earlier this month, joins a growing number of private banks, mutual funds and local digital portals keen to facilitate the outflow of Thai baht from the kingdom into higher-yielding stocks and bonds abroad.

The fintech wants to reach out to Thailand's risk-averse market of wealthy investors who have traditionally shied away from moving their cash abroad, or were prohibited from doing so not too long ago.