Total amount raised
$96.9 Millions
Latest funding date
1/1/2025
Location
Endowus has successfully raised significant funding across multiple rounds, attracting notable investors such as UBS and MUFG Innovation Partners. The platform offers a comprehensive suite of investment options, including CPF, SRS, and cash savings advisory services.
Keep reading to explore the intricacies of Endowus's fundraising journey and the investors backing this innovative platform.
What Is Endowus?
Endowus, founded in January 2017 by Gregory Van and Samuel Rhee, is a financial technology company based in Singapore. The platform specializes in providing CPF, SRS, and cash savings advisory services, aiming to help clients grow their wealth through expert financial advice and customized investment solutions.
With a team of 101-250 employees, Endowus offers access to institutional share-class funds at institutional-level fees, ensuring clients receive comprehensive investment management services. The company emphasizes low-cost, conflict-free, and transparent fees, making it a trusted advisor for many investors.
Endowus's mission is to enable individuals to invest holistically and conveniently, leveraging technology to deliver expert advice and tailored investment portfolios. The platform's innovative approach has attracted significant funding and notable investors, solidifying its position in the financial technology sector.
How Much Funding Has Endowus Raised?
- Series A
- Amount Raised: $1.7M
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach more clients.
- Series A
- Amount Raised: SGD23M
- Date: March 2021
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological infrastructure.
- Venture Round
- Amount Raised: SGD35M
- Date: November 2021
- Lead Investors: EDBI, Prosus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth in key Asian markets and invest in AI-driven solutions.
- Series C
- Amount Raised: $35M
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance offerings and scale operations to better serve clients.
- Series C
- Amount Raised: $17.5M
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and expand the private wealth division.
Total Amount Raised: $87.5M
Current Valuation: Not publicly disclosed
Key Investors
- UBS
- Details: UBS is a global financial services company headquartered in Switzerland. It provides investment banking, asset management, and wealth management services.
- Investment Focus Areas: Financial services, wealth management, investment banking.
- Notable Investments: Not publicly disclosed.
- MUFG Innovation Partners
- Details: MUFG Innovation Partners is the corporate venture capital arm of Mitsubishi UFJ Financial Group. It focuses on investments in innovative startups.
- Investment Focus Areas: FinTech, financial services, innovative technologies.
- Notable Investments: Not publicly disclosed.
- Prosus Ventures
- Details: Prosus Ventures is a global consumer internet group and one of the largest technology investors in the world. It is known for its investments in various high-growth sectors.
- Investment Focus Areas: Consumer internet, online classifieds, food delivery, payments, fintech.
- Notable Investments: Tencent, Delivery Hero, PayU.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm. It focuses on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors.
- Investment Focus Areas: Enterprise, consumer sectors, cloud, SaaS, digital media.
- Notable Investments: Snap, Affirm, AppDynamics.
- EDBI
- Details: EDBI is the corporate investment arm of Singapore’s Economic Development Board. It invests in innovative and strategic industries that align with Singapore’s economic development goals.
- Investment Focus Areas: Innovative and strategic industries.
- Notable Investments: Razer, Carousell, PatSnap.
What's Next for Endowus?
Endowus is poised to capitalize on significant opportunities in key Asian markets, particularly Singapore and Hong Kong. With group client assets surpassing $7 billion, the company plans to enhance its offerings and invest in AI-driven solutions to better serve mass affluent and high-net-worth clients. The expansion of its private wealth division will also continue, offering access to alternative investments in partnership with global asset managers.
Future fundraising opportunities seem promising, given the strong investor confidence demonstrated by the recent $17.5 million funding round. However, Endowus will need to navigate challenges such as maintaining client trust, staying ahead in a competitive market, and effectively integrating new technologies. The company's growth trajectory suggests potential for further funding rounds and strategic acquisitions to support its ambitious expansion plans.
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