19 May '17, 6pm

Robo-Advisor StashAway Gets S$3-Million Funding: Things are really heating up in the robo-advisor scene in…

Things are really heating up in the robo-advisor scene in Singapore lately. Just three weeks ago, I mentioned that StashAway had received in-principle approval for our retail fund management license. Today, the team behind StashAway was excited to inform me that StashAway had confirmed that it had secured S$3-million for its pre-series A round. The proceeds from the round, which will close this week, will fulfil MAS’s regulatory capital requirements of S$1-million for StashAway’s retail fund management license (guess I learnt something new today), as well as go towards launching the investment service in Singapore, continually innovating the platform, and further advancing the underlying investment strategies. A Little More Info On The S$3-Mil Funding The funding round was subscribed by the Rozario family, and Francis Rozario is the Founding Chairman and CEO of Asia Capita...

Full article: http://thefinance.sg/2017/05/19/robo-advisor-stashaway-ge...

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