Digital wealth firm Stashaway expands outside Asia


Source: fundselectorasia.com fundselectorasia.com

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Several other robo-advisers have begun targeting investors outside their home markets. Singapore-based Stashaway has launched in the Dubai International Financial Centre (DIFC), after receiving an asset management licence from the Dubai Financial Services Authority (DFSA) with retail endorsement, according to a statement from the firm. “We’re launching out of the United Arab Emirates’ (UAE) DIFC to service clients not just in the UAE, but the broader Middle East and North Africa (MENA) region,” a Singapore-based spokeswoman said. The move comes after the firm completed a $16m fundraising round in July from three main investors . At the time, Stashaway said...