Endowus, the Singapore-based independent wealth advisory and investment platform, announced Wednesday the close of its latest funding round, raising more than $70 million.

The firm said in a statement that the new round is led by Illuminate Financial, with participation from key existing investors, Prosus Ventures, Citi Ventures, and leading Asian family offices.

The continued support of global leaders in technology and finance reflects a strong conviction in Endowus’ position as the long-term winner in Asian WealthTech, said the firm.

The new capital will be used to scale further, with a focus on developing cutting-edge retirement solutions and pension platforms in Singapore and Hong Kong.

It will also invest in deepening its technology edge in the application of artificial intelligence (AI), its new foray into B2B solutions for financial advisors (FA) and external asset managers (EAM), and future geographic expansions across the region.

According to the statement, this round adds a fresh raise of $20 million to the conversion of existing notes to bring the company’s total funding to over $130 million since its inception.

This milestone comes as the company continues to scale to new heights in its core markets of Singapore and Hong Kong, with record new clients and asset growth in 2025, driving the group’s total assets to historical highs, surpassing $10 billion.

“Wealth management is undergoing a generational transformation driven by demand for aligned advice, greater transparency, and better access to solutions,

“We are at the forefront of this change by aligning only to the best interests of clients and leveraging technology to enable better experiences and achieve better outcomes,” said Samuel Rhee, Co-founder and Chairman of Endowus.

“We want to be the trusted partner journeying with our clients to help them achieve their desired outcomes in meeting their long-term wealth goals,

“The tremendous support from our existing and new investors enables us to accelerate this mission, creating lasting impact for individuals while raising the standards of our industry,” he added.

Luca Zorzino, General Partner & Head of Asia for Illuminate said, at Illuminate Financial, the firm focuses on investing in founders who are addressing structural inefficiencies in financial services.

“Endowus is doing this by combining transparent pricing with broad fund access, enabling them to tackle long-standing gaps in the way wealth and pensions are managed in Asia,

“Their fee-only, conflict-free model, together with its status as the first and only digital advisor for pension in Singapore, represents an important step forward for client-centric wealth management,” he said.

He added, with their deep network of strategic financial institution partners, the firm is pleased to support Endowus as they continue to build a regulated, scalable platform for the region.

It is noted that lluminate Financial is a fintech specialist firm, backed by some of the world’s largest financial institutions, that invests in technology defining the future of financial services.

Its deep expertise in WealthTech and capital markets innovation will accelerate Endowus’ mission.

It is noted that Hong Kong, Endowus’ newest market, has achieved 150 percent client growth and a 3x growth in assets year-on-year, while it solidified its dominant position in Singapore’s digital wealth space across public pension, private wealth and as a conflict-free fund platform.

A key driver in both markets has been the expansion of Endowus Private Wealth, catering to high-net-worth clients, with a broader offering of hedge fund and private market solutions.

Its multi-family office business under Carret Private has also seen strong growth, cementing its position as a leading EAM in Asia.

“Endowus is leading the industry in digital innovation and transformation, meeting the needs of the modern investor. Endowus’ conflict-free business model creates a win-win-win for clients, leading fund managers, and the platform to scale and compound together,

“It is early days, but the impact to our clients is clear, from college grads investing their first paychecks, to sophisticated family office and charity endowment clients with over US$100 million on Endowus. We will continue to lead the way in transforming the industry and meeting the needs of our clients across Asia,” said Gregory Van, Co-founder and Chief Executive Officer of Endowus.

Martin Tschopp, CEO of Prosus Ventures said this is the firm’s third investment in Endowus, and a reflection of its strong belief in its mission to build an advisory-led wealth platform that meaningfully impacts the lives of individuals and families.

“The company’s ability to achieve remarkable growth without compromising on its values is a testament to the strength of its culture and its long-term vision,” he added.

It is noted that Endowus’ early investment in AI has generated positive momentum for the business.

The firm integrated generative AI into its client experience with the launch of WealthWise AI, powered by Endowus’ proprietary in-house engineered AI solution.

Endowus said it will continue to invest in optimizing its successful hybrid advisory model, with ambitions to further enhance its advisory and investment excellence through strategic use of AI tools.

Endowus reinforces senior investment leadership with key appointments and major hires in Asia