Xavier Kong · · 1 min read

Sequoia backs SG wealth management platform

StashAway, a Singapore-based wealth management platform, has raised an undisclosed amount of new funding that includes a strategic investment from Hamilton Lane.

The fundraising also saw Eight Roads, Square Peg, and Sequoia Capital come in as follow-on investors, StashAway told Tech In Asia. VentureCap Insights pegged the amount raised at US$12.6 million.

StashAway co-founders (from left): Nino Ulsamer, CEO Michele Ferrario, and Freddy Lim / Photo credit: StashAway

“The partnership with Hamilton Lane will give StashAway access to strategic advice on both private markets investment methodology and product development,” a StashAway spokesperson said.

StashAway was co-founded in 2016 by Michele Ferrario, former Zalora CEO; Freddy Lim, ex-Nomura global head of derivatives strategy; and Nino Ulsamer, co-founder of Divvit. The robo-advisor firm had cut 14% of its staff in June, following a restructuring.

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See also: An insurtech revolution brews in Indonesia and StashAway’s latest brouhaha

StashAway

StashAway is Singapore's digital wealth management platform that builds personalized investment portfolios to help consumers achieve their financial goals.

Location
Singapore
Founded
2016
Employees
51 – 200
Website
www.stashaway.sg
Latest Funding
Series D
Hiring
0 positions
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Community Writer

Xavier Kong

Enjoys the highest form of comedy: Puns.

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