Singapore based robo-advisor raised $12m in Series B funding round, led by Eight Roads Ventures.
After raising its Series A round in March 2018, StashAway entered its second market Malaysia. In Singapore, it is the first robo-advisor to accept the country’s Supplementary Retirement Scheme Fund for investments, and has introduced its own financial education programme called StashAway Academy. Michele Ferrario, co-founder and CEO of StashAway said: “The financial backing from Eight Roads Ventures, one of the earliest investors in Alibaba, alongside the continued support of Asia Capital & Advisors, will accelerate our investment product development for our clients in Singapore and Malaysia, while also supporting market expansion throughout the APAC region and doubling down on financial education content development and distribution.”
https://www.dealstreetasia.com/stories/stashaway-eight-roads-ventures-146996/