Singapore-headquartered digital wealth platform Endowus surpassed $1 billion in assets under management in less than two years since its launch.
As of June-end this year, client assets surged 670 percent year-on-year to exceed S$1 billion ($740 million), according to a statement, achieving the feat in just 20 months.
The number of clients increased about 10-fold, diversified across demographics (21 to over 90 years old) and accounts of all sizes ranging up to the millions.
The Endowus platform allows individuals to invest their private cash as well as Singapore’s pension and saving schemes – Central Provident Fund (CPF) and Supplementary Retirement Scheme (SRS).
Growth Mode
Endowus continues to ride on growth momentum having recently secured three new strategic investors in UBS, Singtel and Samsung while hiring ex-Deutsche Bank managing director Wei Mei Tan as its chief advisory officer.
It plans to enter the Hong Kong market later this year.
«This is a clear indication that Endowus remains on track with its vision of helping all investors move towards a more secure financial future and better manage the generational challenge of retirement,» said Endowus chief executive Gregory Van.
