Singapore wealth advisory platform Endowus has raised US$17.5 million from new and existing investors in its latest fundraising round.
New investors include OSK Ventures from Malaysia and JLIN LLC, an impact fund owned by US basketball star Jeremy Lin, Endowus says in a statement on January 9.
Existing investors that participated in the fundraising include Swiss investment bank UBS and Japan’s MUFG Innovation.
Endowus will use the money to expand its business in Singapore, and also Hong Kong, a market it entered in April last year.
“The focus now is to continue to invest in talent and technologies to grow well with our clients,” says Samuel Rhee, the company’s co-founder and chairman.
Established in 2019, Endowus has now raised a total $52.5 million in several rounds of fundraising.
