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
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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.
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