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UBS-Backed Fintech Endowus Snags Funds From Prosus, EDBI

  • Z Holdings also joined the startup’s latest investment round
  • Endowus plans to double its workforce to 200 by end of 2022

Digital wealth platform Endowus Pte has raised S$35 million ($27 million), led by Prosus Ventures and Singapore’s EDBI, to bankroll an expansion in Asia’s two regional financial hubs. 

SoftBank Corp.-backed Z Holdings Corp. joined existing investors UBS Group AG, Singtel Innov8 and Lightspeed Venture Partners in the latest funding round, Endowus said in a statement on Tuesday. Employees of the startup -- the largest shareholder group -- also added to their investment, alongside K3 Ventures and local entrepreneur Wee Teng Wen.