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Endowus announced it has raised an additional S$35 million (US$27 million) to accelerate its growth across Asia.

Japan’s Z Holdings participated alongside existing investors UBS, Singtel Innov8, and Lightspeed Venture Partners.

Endowus is the latest investment app in Southeast Asia to raise follow-on funding, adding $35 million SGD (about $25.6 million US) to its war chest. The round was led by Prosus Ventures, the venture firm majority-owned by Naspers, and EDBI. Participants included SoftBank Corp.-owned Japanese tech conglomerate Z Holdings. Returning investors included UBS, Singtel Innov8 […]

Singapore Digital Wealth App Scores Money From UBS, Samsung Yoolim Lee, Bloomberg News (Bloomberg) -- Digital wealth platform Endowus Pte has secured investments from UBS Group AG, Samsung Ventures and Singtel Innov8 to fuel expansion in Singapore and Hong Kong. Zurich-based UBS is putting an unspecified amount of its own money into Endowus through UBS Next, a $200 million fund that takes direct stakes in early-stage fintech firms, the Singapore-based company said in a statement on Thursday. The additional capital brings the total size of the firm’s Series A funding round to $22 million,...

Private equity firm HQ Capital managing director in Hong Kong Lucian Wu has stepped down from his role after a seven-year stint.