StashAway
105 Cecil St, #14-01, The Octagon, Singapore, 069534
Overview
StashAway offers robo-advisory investment products for retail clients and goal-based savings, plus a cash product called StashAway Simple that yields a projected 1.2% per annum with 1–3 business day withdrawals. The app charges management fees of 0.2%–0.8% annually and says its proprietary asset-allocation framework has outperformed same-risk benchmarks since 2017, with annualized portfolio returns ranging from 16.5% (highest-risk) to 4% (lowest-risk) as of the end of March. It serves users across five markets (Singapore, Malaysia, the United Arab Emirates, Hong Kong) and is preparing to launch in Thailand. StashAway also launched StashAway WorkPlace for employer benefits and grew out of a Financial Wellness Program used by about 200 companies. The company emphasizes strong customer service (phone waits typically under eight seconds) and attracts both first-time and higher-net-worth investors (about 20% of AUM). As of January it surpassed $1 billion in assets under management.
- Total raised
- $25M
- Funding rounds
- 1
- Latest round
- Series D
- Latest activity
- Apr 2021
Industries
- Apps
- Finance
- Financial Services
- Mobile Apps
- Personal Finance
- Podcast
- Wealth Management
Recent funding
Series D
Apr 2021
$25M