How Much Did Endowus Raise? Funding & Key Investors

What Is Endowus?

Endowus is a financial technology company based in Singapore, specializing in providing advisory services for CPF, SRS, and cash savings. The company operates within the financial services and fintech industries.

Founded in Singapore, Endowus has grown to employ between 101-250 people. The platform is trusted by over 300,000 clients and manages assets worth over US$10 billion (S$13 billion).

How Much Funding Has Endowus Raised?

1. Series A (First Close)
   • Amount Raised: SGD 23,000,000 (~USD 17,000,000)
   • Date: March 2021
   • Lead Investors: Lightspeed Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: First external fundraise to support expansion in Singapore and Asia, including Hong Kong.
2. Series A (Extension — Strategic Investors)
   • Amount Raised: Undisclosed
   • Date: July 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Strategic investment from UBS AG, Samsung Ventures, and Singtel Innov8 to deepen wealthtech expertise and amplify growth.
3. Series B
   • Amount Raised: SGD 35,000,000 (~USD 27,000,000)
   • Date: November 2021
   • Lead Investors: Prosus Ventures, EDBI
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth in Singapore and across Asia, with new strategic partners.
4. Series C
   • Amount Raised: USD 35,000,000
   • Date: August 2023
   • Lead Investors: Not publicly disclosed (new investors included Citi Ventures and MUFG Innovation Partners)
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To invest in AI-driven solutions, expand private wealth division, and grow in Hong Kong.
5. Series C Extension
   • Amount Raised: USD 17,500,000
   • Date: January 2025
   • Lead Investors: Prosus Ventures, UBS, MUFG Innovation Partners (existing)
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support AI investments, market expansion, and bring total round to over US$52.5M. New investors include OSK Ventures, Asia Companion Fund (ACF), and JLIN LLC (Jeremy Lin's impact fund).
6. Growth Round
   • Amount Raised: USD 70,000,000 (SGD 90,000,000; includes ~USD 20M in fresh capital, remainder from conversion of existing notes)
   • Date: October 2025
   • Lead Investors: Illuminate Financial
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale market presence in Singapore and Hong Kong, develop retirement solutions, invest in AI, expand B2B solutions for financial advisers and external asset managers, and pursue further geographic expansion across Asia.

Endowus has raised a total of at least USD 130,000,000 based on disclosed funding. The current valuation is not publicly disclosed.

Key Investors

• Illuminate Financial
  • Details: Illuminate Financial is a venture capital firm that focuses on financial technology companies. They led the October 2025 growth round as a new lead investor.
  • Investment Focus Areas: Fintech, enterprise software, capital markets.
  • Notable Investments: Cobalt, CloudMargin, OpenFin.
• EDBI
  • Details: EDBI is the corporate investment arm of Singapore's Economic Development Board. They invest in high-growth technology sectors to support Singapore's economic development.
  • Investment Focus Areas: Information technology, healthcare, emerging technologies.
  • Notable Investments: Razer, Carousell, Grab.
• Prosus Ventures
  • Details: Prosus Ventures is a global consumer internet group and one of the largest technology investors in the world. They focus on long-term investments in technology companies.
  • Investment Focus Areas: Online classifieds, food delivery, payments and fintech, education technology.
  • Notable Investments: Tencent, Delivery Hero, PayU.
• Lightspeed Venture Partners
  • Details: Lightspeed Venture Partners is a venture capital firm that focuses on early-stage investments in the enterprise and consumer sectors. They have a global presence with offices in the US, India, and China.
  • Investment Focus Areas: Enterprise software, consumer, healthcare, fintech.
  • Notable Investments: Snap, Affirm, MuleSoft.
• UBS
  • Details: UBS is a Swiss multinational investment bank and financial services company. They provide wealth management, asset management, and investment banking services.
  • Investment Focus Areas: Wealth management, asset management, investment banking.
  • Notable Investments: Various financial services and technology companies.

What's Next for Endowus?

Endowus is poised to capitalize on significant opportunities in key Asian markets, particularly Singapore and Hong Kong. With over US$7 billion in group client assets, 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.

Future fundraising opportunities seem promising as Endowus continues to grow and scale its operations. The recent funding round, which raised an additional US$17.5 million, indicates strong investor confidence. This financial backing will support the company's ambitious plans for expansion and technological advancements.

However, Endowus may face challenges such as maintaining client trust and navigating the competitive landscape of digital wealth advisory. Successfully implementing AI-driven solutions and other technological advancements will be crucial for sustaining growth and delivering value to stakeholders.

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