Managing over US$741 mil of pension assets in Singapore
The successful fundraiser comes amidst a global fintech growth and funding slowdown. Endowus has continued to experience accelerated growth, with group assets now crossing US$5 billion . In 2022, the firm claims it delivered revenue growth of 80% organically while tripling its group revenue as it completed the acquisition of one of Asia's premier multi-family offices, Carret Private.
Endowus has also continually expanded its service offerings, including the launch of the lowest-cost passive index funds in Singapore and CPF, as well as the launch of Endowus Private Wealth for high-net-worth clients, actively democratising access to the private market, hedge fund, and alternative investment solutions. Additionally, the firm launched its services in Hong Kong this year as the only independent, commission-free, and conflict-free digital wealth advisor and low-cost fund platform.
This latest investment underscores Endowus' wealthtech leadership and its success in building a sustainable business to tap into the region's rapidly expanding, multi-trillion-dollar wealth market opportunity. Endowus will use the new funds to continue scaling and dominate its core markets of Singapore and Hong Kong to bring fee-only, conflict-free wealth management to a broader segment with greater penetration.