Endowus raises $408m in latest funding round

This also brings the company’s overall fundraising to $856m.

Endowus has raised an additional $136m (US$17.5m), increasing its latest fundraising total to $408m (US$52.5m), and bringing its overall fundraising to $856m (US$110m).

New investors include Malaysia-based OSK Ventures and Asia Companion Fund (ACF) managed by The Wells Investment and JLIN LLC. This is ACF’s first fintech investment in Asia.

Meanwhile, existing investors include Prosus, UBS AG, and MUFG Innovation Partners.

The new funding will fuel the continued expansion of Endowus’ growth and services in Hong Kong and Singapore.

The company will focus on investments in talent and technologies, including the adoption of artificial intelligence (AI) to enhance the client experience and operational efficiency.

Endowus will also continue to expand its investment offerings for alternatives, including hedge funds and private market investors under its Endowus Private Wealth (EPW) brand, working with global general partners (GPs) such as Apollo, Ares, Blackstone, Blue Owl, Carlysle, EQT, KKR, Partners Group, and many others.

The group recently celebrated its five-year milestone since officially launching in Singapore in 2019.