Arta Finance, a wealth management company headquartered in Singapore and the US, has received an undisclosed strategic investment from EDBI, the investment arm of the Singapore Economic Development Board.
The capital will support the growth and development of Arta Finance’s digital wealth platform. It is also preparing to expand internationally through Singapore later this year.
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Founded by ex-Google executives, Arta Finance enables people to access the financial tools and products of the ultra-wealthy. This helps address the growing wealth gap between the world’s wealthiest individuals (the 0.1 per cent) and the rest of the population.
Arta Finance does this by providing investment opportunities and financial strategies typically only available to the ultra-wealthy via family offices and private banks – but with a more intuitive user experience and at an approachable cost. It creates a personalised investment strategy for each member, applying the latest in artificial intelligence, technology infrastructure, and customised support to help members build their financial futures.
“Arta’s decision to establish its global headquarters and develop an AI-enabled fintech platform in Singapore underscores the country’s robust innovation ecosystem and advanced digital infrastructure, making it a prime destination for global founders to scale their businesses. The company is a valuable addition to our ecosystem and is set to create exciting job opportunities.”, said Paul Ng, CEO of EDBI.
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Over the past 18 months, Arta claims to have grown its customer base in the US, from first-time investors to those with deep investing experience.
Arta Finance’s list of investors also includes Peak XV, Ribbit Capital, and Coatue.
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