Series D funding round will be led by Sequoia Capital India
Singapore-headquartered Stashaway is looking to raise $25m (£18m, €21m) to accelerate investment product and feature development across the markets it operates in.
Currently, the firm has a presence in Singapore, Malaysia, the Middle East, North Africa, and Hong Kong.
The series D funding round will bring the total paid-up capital to $61.4m and will be led by Sequoia Capital India.
The digital wealth manager will offer to buy back up to $3m in stock options from its employees, as well.
Stashaway’s existing investors also participated in the latest round. They include, Fidelity International-backed investment firm Eight Roads Ventures, and Square Peg, the largest venture capital fund in Australia.