Arta Finance, a digital family office for accredited investors, has on Thursday announced it has received approval to launch in Singapore and plans to open its platform for Singaporean residents and others investing through Singapore later this year.

The launch in Singapore follows a significant expansion of Arta’s product offering and team of industry leaders, as well as its exit from stealth in 2022 with more than SGD 120 million ($90 million) from Peak XV (formerly Sequoia Capital India & Southeast East Asia), Ribbit, Coatue, and more than 140 tech and finance luminaries, including Eric Schmidt, Michael Miebach, and Nikesh Arora.

“Singapore’s rise as a global capital of wealth makes it an ideal location for innovation and financial technology,

“Launching Arta in Singapore allows us to serve investors globally through this highly trusted financial hub,” said Caesar Sengupta, Chief Executive Officer and Co-Founder of Arta Finance.

“At Arta, we aim to democratize access to high-powered financial strategies, ensuring the wealth management tools of the ultra-wealthy are available to a wider audience,

“We are excited to bring these financial superpowers to many more people through our launch in Singapore,” he added.

Arta Finance is a platform harnesses artificial intelligence (AI) and machine learning to enable intelligent investing in public market equities, provides access to alternative investments – including private equity, venture capital, and real estate – and connects members to financial expertise to advance their unique goals.

Founded by a team of former Google executives, the firm is backed by Sequoia Capital India, Ribbit Capital, Coatue, and more than 140 luminaries in tech and finance.

Dual-headquartered in Singapore and the U.S., the firm has made significant strides in the past year. It has successfully launched and expanded its presence in the U.S. market.

“Combining advanced financial strategies with AI is the type of visionary thinking that brings about real step-function change,

“I am so impressed with what Arta has built by applying advanced AI and ML to investing strategies and look forward to seeing this fantastic team create tremendous value for so many people,” said Eric Schmidt, Co-Founder of Schmidt Futures and Former Chief Executive Officer and Chairman of Google.

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