The popular Robo-advisor fintech startup StashAway has recently brought $25M up in its Series D financing round and that’s not all. The round was led by one of the most popular and leading funding firms, Sequoia Capital India. StashAway is a Singapore-based advanced wealth managing platform that conveys customized speculation portfolios and financial strategies and the executive’s answers for retail and certifies financial investors. It works in Singapore, Malaysia, MENA, and Hong Kong and plans to expand to more regions as well.
This particular funding round brings the startup’s all-out settled-up money to roughly $61.4M, which will be used for some of the major goals of the platform. That includes highlighting advancement across its five business sectors and speed up its overall business process but that’s not all they’re going to do. As for how much they’re growing their business, they also want to expand their designing group in Singapore and abroad which is their plan for a long time. Stashup will likewise offer to repurchase up to $3M in investment opportunities from the entirety of its workers which is one of the best decisions they’ve made.
“Providing up to $3 million in liquidity to our employees helps StashAway attract the best talent; it shows that startups can succeed and be financially rewarding, We want all of our team members to participate in the financial benefits of building a successful company, and our promise to all team members has always been an attractive compensation package that includes a significant amount of stock options in the company. This promise is now starting to materialize financially,” said the Co-Founder, and CTO, Nino Ulsamer.
“StashAway is growing rapidly as it fulfills an obvious gap in the digital wealth management space, especially in areas where its competitors may be lacking: an easy-to-use platform, robust client relationships, and a very sophisticated investing framework. StashAway has built trust with its client base by navigating them through market volatility while providing strong returns,” said the managing director of Sequoia Capital India, Abheek Anand.
The organization has literally outperformed $1B in resources under administration as of January this year and that’s not all. StashAway was perceived as a 2020 Technology Pioneer by the World Economic Forum and a Top 10 LinkedIn Startup.
As a feature of the funding round, Sequoia India’s Managing Director, Abheek Anand, will join the Board of Directors, bringing over twenty years of involvement with a lot of different industries. That includes consumer tech, profound tech areas, and different financial administrations across the U.S, Southeast Asia, and India.