Singapore robo-adviser Smartly folds business
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE-BASED robo-adviser Smartly has ceased operations after fewer than three years in the business.
It said "intense" competition in the digital advisory space has led to this "difficult" decision, according to a note seen by The Business Times on Smartly's website.
"Thank you for investing with Smartly. We are writing to inform you that we have taken the difficult decision to cease Smartly's operations in Singapore.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result