StashAway raises US$12m led by Eight Roads Ventures
Funds will help its regional expansion, speed up product development efforts and improve startup's offerings with a view to expanding high net worth client base
Add BT as a preferred source
Singapore
STASHAWAY, a robo-advisor that serves both retail and accredited investors, has raised US$12 million through a Series B round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International.
Other backers include Asia Capital & Advisors, a private equity firm led by banking veteran Francis Rozario. Asia Capital & Advisors had previously participated in StashAway's pre-Series A and Series A funding rounds in 2018.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Subaru e-Outback review: Japan’s best EV uses one key Chinese component
