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Endowus completed an additional fundraising of 136 million Hong Kong dollars, with new investors including a company founded by Jeremy Lin.
The funds raised this time will help Endowus to continue expanding and further develop its services in the two major financial centers of Asia, Hong Kong and Singapore.
Asian wealth management platform Endowus announced that it has completed an additional funding round of 136 million Hong Kong dollars (17.5 million US dollars), bringing the total amount raised in its latest round to 410 million Hong Kong dollars (52.5 million US dollars). Since its inception, the company has now raised over 850 million Hong Kong dollars (110 million US dollars). New investors include Malaysia-based OSK Ventures, as well as Asia Companion Fund (ACF) managed by The Wells Investment and JLIN LLC. JLIN LLC is a mission-driven enterprise founded by internationally renowned professional basketball player Jeremy Lin, aimed at actively promoting social development. This marks ACF's first fintech investment in Asia. Existing shareholders Prosus, UBS Group, and MUFG Innovation Partners also participated in this additional funding round. The funds raised will help Endowus to continue expanding and further establish its presence in the two major wealth centers of Hong Kong and Singapore. The company will focus on investing heavily in talent and technology, including the application of cutting-edge artificial intelligence (AI) technology, to enhance customer experience and operational efficiency. Endowus will also work with leading global fund companies such as Apollo, Ares, Blackstone, Blue Owl, Carlysle, EQT, KKR, and Partners Group to expand alternative investment products under the Endowus Private Wealth brand, providing hedge fund and private equity market investors with more choices.
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