MUFG Innovation Partners participates in Endowus' Series C extension
Endowus has increased its total funding to over US$110 million. The digital wealth advisory platform raised an additional US$17.5 million following from their US$35 million raise in August 2023 to take the total for this round to US$52.5M.
New investors include Malaysia-based OSK Ventures and Asia Companion Fund (ACF) managed by the Wells Investment and JLIN LLC, the mission-driven firm established to make positive impact by professional basketball player Jeremy Lin. This is ACF’s first FinTech investment in Asia.
Existing investors that committed additional capital to the company’s growth include leading global technology investor Prosus, the largest consumer internet company in Europe by asset value, as well as global financial institutions, UBS AG and MUFG Innovation Partners, the latter having joined the cap table in August 2023. Z Venture Capital was an investor in an earlier round.
Headquartered in Singapore, Endowus is the first digital advisor in the region to span both private wealth and public pension savings, helping investors grow their money with expert advice and access to institutional investment solutions at low and fair fees. Apart from goals-based investing into automated portfolios professionally curated by Endowus’ Investment Office, clients can also build single and multi-funds portfolios via the Fund Smart solution, where over 300 curated strategies by over 50 global fund managers are accessible at low cost across major asset classes including cash & money market, fixed income, equity, multi-asset and commodities. Additionally, Endowus Private Wealth clients can gain access to hedge funds, private equity, private credit, private real estate and other alternatives at comparatively lower minimums, lower fees, and higher liquidity.
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