Big banks, investors fund Endowus digital wealth leadership in Asia

It was able to raise $35m from global banks, existing investors, and four Asian billionaire families.

Digital wealth platform, Endowus, said that it raised $35m from its latest funding round.

Previous investors who participated in this funding round include include UBS Next, Singapore’s EDBI, Prosus Ventures owned by Naspers, Lightspeed Venture Partners, Singtel Innov8, and Endowus employees.

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New contributors include Citi Ventures and MUFG Innovation Partners, as well as four of Asia’s richest families with numerous operating businesses in banking to real estate across Singapore, Southeast Asia, and Greater China including Hong Kong.

Endowus said the new set of funds will be utilised for scaling and boosting its services in Singapore and Hong Kong.