April 25, 2021
SINGAPORE, April 26, 2021 /PRNewswire/ StashAway is raising $25 million USD ($33.34 million SGD) in its Series D funding round led by Sequoia Capital India, one of the region s leading venture capital firms.
StashAway s existing investors, Eight Roads Ventures, the global investment firm backed by Fidelity International and early investor in Alibaba; and Square Peg, the largest venture capital fund in Australia, also participated in the round. The transaction will close in the next few months pending necessary regulatory approvals.
This funding round will bring StashAway s total paid-up capital to $84.04 million SGD and accelerate investment product and feature developments across its 5 markets. The company will also offer to buy back up to $4 million SGD in stock options from its employees and expand its engineering team in Singapore and abroad.
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Southeast Asia based StashAway, a Digital Wealth Manager for Accredited Investors and Retail, Is Now Managing $1B in Client Assets
Southeast Asia based
StashAway, a digital wealth management firm focused on retail and accredited investors, recently revealed that it’s now managing over $1 billion in assets since launching operations back in 2017.
StashAway’s management confirmed that they were able to generate these solid returns even through the past several years’ volatility during which there were two major market corrections in 2018 and also a market crash in March 2020 (when awareness about the COVID-19 pandemic became more widespread).
StashAway noted that its investment portfolios generated annualized returns ranging anywhere from 16.5% for its greatest risk portfolio to 4.3% for its lowest-risk portfolio since it began offering financial management and investment services in July 2017.
StashAway, the first Dubai Financial Services Authority licensed digital wealth manager with retail endorsement, and Southeast Asia’s largest and fastest-growing digital wealth manager for both retail and professional investors, is managing more than $1 b