Endowus, a digital asset advisory platform, has closed an additional USD 17.5 million in funding, bringing its total raised in its latest round to USD 52.5 million.
this will increase EndusTotal funding to date exceeds USD 110 million.
The funding round included participation from existing investors Prosus Ventures, UBS, and MUFG.
New investors include OSK Ventures, The Wells Investment, and JLIN LLC, an impact-focused fund founded by professional basketball player Jeremy Lin.
The funding is expected to support the company’s continued growth across key markets in Asia, particularly Singapore and Hong Kong.
Endowus reported that the group’s client assets exceeded US$7 billion (S$10 billion) as of November 2024.
The company celebrates its fifth anniversary in 2024 and continues to expand its services, offering investment solutions across cash savings, public pension funds and personal wealth assets.
Endowus plans to use the additional funding to enhance its services, invest in AI-powered solutions, and expand its business to better serve high-net-worth and high-net-worth customers.
We will also continue to expand our private wealth division, Endous Private Wealth, by partnering with global asset managers to provide access to alternative investments.
Samuel Rhee, co-founder and chairman of Endowus, said:
“Endowus’ impressive growth over the past five years is due to the trust our customers, shareholders, partners, and community have placed in us. Our responsibility is to continually evolve to deliver value to all stakeholders. and grow.
Our commitment to bringing global best practices of transparency, integrity, and fiduciary responsibility to our industry is driven by like-minded partners who share our vision of transforming the wealth management industry for the better. We are excited to welcome high-quality investors. These are people who share our mission. Our current focus is to continue investing in our people and technology to grow with our clients. ”
Gregory Vann, co-founder and CEO of Endowus, said:
“Our rapid growth in recent years has given us and our shareholders confidence that we can achieve sustainable compounding growth. Endowus is building a multi-formulation business that leverages a number of structural advances. Masu.
To better serve clients, the desire for aligned advice, better access at lower costs, the transfer of trillions of dollars of wealth across generations, and the deployment of artificial intelligence must all be met. . Although it is still early days for Endowus, the positive impact of compounding growth will be felt in the lives of our clients and the industry more broadly. ”
Featured image credit: Edited from freepic
