StashAway expands to UAE
The story: Singaporean fintech startup StashAway has rolled out its digital wealth management platform in the United Arab Emirates.
Also Read: Digital wealth management startup StashAway raises US$16M Series C led by Square Peg
More about the story: This makes StashAway the first digital wealth manager to get an asset management license from the Dubai Financial Services Authority (DFSA) with retail endorsement.
“When we realised that the gap in wealth management options also exists in MENA, it was an obvious decision to expand our services, starting with earning our license in the DIFC,” commented Michele Ferrario, StashAway Co-founder and CEO.
About StashAway: Founded in 2016, the fintech startup offers investment and cash management portfolios for both retail and professional clients.
It claims it has users from more than 145 countries and of 174 nationalities and has seen its assets under management grow more than 4.3X in the last 12 months. It plans to build on this momentum with continuous product development over the next few months and years.
Safe Space raises US$250K seed round to improve mental health in workplaces
The story: Singapore-based B2B2C digital mental healthcare provider, Safe Space, has closed a seed round through equity crowdfunding platform, FundedHere.
Also Read: COVID-19 is taking a toll on mental wellness, but this startup wants to provide a Safe Space
More about the story: The funds will be used to further Safe Space’s mission in highlighting the importance of mental health in the workplace, and to expand to businesses across the APAC region in 2021.
“Workplace mental well-being will be one of our top priorities going into 2021. Safe Space’s vision is to make digital mental healthcare and education accessible and comprehensive to businesses of all sizes (from startups to MNCs). We’ve built comprehensive tools to cope with the mental health impact of COVID-19 and other challenges ahead,” said, Antoinette Patterson, Founder of Safe Space.
About SafeSpace: The healthtech startup provides affordable access to quality offline and online mental health therapy care and preventive education. Since its launch in March 2019, Safe Space has grown its user-base by more than 3x and has connected more than 1,500 individuals to psychologists, psychotherapists and counsellors.
Lu International partners Kasikornbank to launch FinVest
The story: Lu International, the Singapore subsidiary of China-based personal financial services platform Lufax Holding, and Thailand-based Kasikornbank, announced the launch of FinVest, an online wealth management platform.
More about the story: The new digital investment platform aims to help retail investors in Thailand gain access to onshore and offshore investment products at a low minimum investment amount.
Kit Wong, CEO of Lu International, commented, “Digital technology is rapidly changing the way investors use financial services. They are increasingly using digital channels to purchase financial products and invest.”
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Image Credit: Photo by M. B. M. on Unsplash
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