Total amount raised
$96.9 Million
Latest funding date
1/1/2025
Location
Endowus has successfully raised funds through six different funding rounds, with notable investors including Illuminate Financial and Citi Ventures. The company specializes in providing advisory services for CPF, SRS, and cash savings, aiming to offer holistic and convenient investment solutions.
Keep reading to explore the intricacies of Endowus' fundraising journey and the investors backing this innovative platform.
What Is Endowus?
Endowus is a financial technology company based in Singapore, specializing in providing advisory services for CPF, SRS, and cash savings. The company operates within the financial services and fintech industries.
Founded in Singapore, Endowus has grown to employ between 101-250 people. The platform is trusted by over 300,000 clients and manages assets worth over S$13 billion.
How Much Funding Has Endowus Raised?
- Series A
- Amount Raised: USD 1,709,547
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion in the financial technology sector.
- Series A
- Amount Raised: SGD 23,000,000
- Date: March 2021
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance offerings and scale operations to better serve clients.
- Series Unknown
- Amount Raised: SGD 35,000,000
- Date: November 2021
- Lead Investors: EDBI, Prosus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth in key Asian markets and enhance offerings.
- Series C
- Amount Raised: USD 35,000,000
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in AI-driven solutions and expand private wealth division.
- Series Unknown
- Amount Raised: USD 17,500,000
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and enhance offerings in key markets.
- Series Unknown
- Amount Raised: USD 70,000,000
- Date: October 2025
- Lead Investors: Illuminate Financial
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and expansion in the financial technology sector.
Endowus has raised a total of USD 174,209,547. The current valuation is not publicly disclosed.
Key Investors
- Illuminate Financial
- Details: Illuminate Financial is a venture capital firm that focuses on financial technology companies. They aim to support innovative solutions in the financial services industry.
- Investment Focus Areas: Fintech, enterprise software, capital markets.
- Notable Investments: Cobalt, CloudMargin, OpenFin.
- EDBI
- Details: EDBI is the corporate investment arm of Singapore's Economic Development Board. They invest in high-growth technology sectors to support Singapore's economic development.
- Investment Focus Areas: Information technology, healthcare, emerging technologies.
- Notable Investments: Razer, Carousell, Grab.
- Prosus Ventures
- Details: Prosus Ventures is a global consumer internet group and one of the largest technology investors in the world. They focus on long-term investments in technology companies.
- Investment Focus Areas: Online classifieds, food delivery, payments and fintech, education technology.
- Notable Investments: Tencent, Delivery Hero, PayU.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that focuses on early-stage investments in the enterprise and consumer sectors. They have a global presence with offices in the US, India, and China.
- Investment Focus Areas: Enterprise software, consumer, healthcare, fintech.
- Notable Investments: Snap, Affirm, MuleSoft.
- UBS
- Details: UBS is a Swiss multinational investment bank and financial services company. They provide wealth management, asset management, and investment banking services.
- Investment Focus Areas: Wealth management, asset management, investment banking.
- Notable Investments: Various financial services and technology companies.
What's Next for Endowus?
Endowus is poised to capitalize on significant opportunities in key Asian markets, particularly Singapore and Hong Kong. With over US$7 billion in group client assets, the company plans to enhance its offerings and invest in AI-driven solutions to better serve mass affluent and high-net-worth clients. The expansion of its private wealth division will also continue, offering access to alternative investments.
Future fundraising opportunities seem promising as Endowus continues to grow and scale its operations. The recent funding round, which raised an additional US$17.5 million, indicates strong investor confidence. This financial backing will support the company's ambitious plans for expansion and technological advancements.
However, Endowus may face challenges such as maintaining client trust and navigating the competitive landscape of digital wealth advisory. Successfully implementing AI-driven solutions and other technological advancements will be crucial for sustaining growth and delivering value to stakeholders.
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