Wealthtech is one of the fastest growing verticals of fintech, which has attracted US$4.6 billion in funding since 2014, according to Fintech Global.
A panel of industry experts and analysts assessed over 1,000 wealthtech companies from around the world to select the 100 most innovative companies in the field.
In Asia, Singapore is represented by three wealthtech companies:
BetaSmartz provides business-to-business (B2B) hybrid digital investment tools. The company offers a white-label B2B solution for financial services firms from wealth and fund managers to pension providers and insurers to allow them to deliver better advice, reduce risk, create business and cost efficiencies and manage client and advice risk.
Besides Singapore, BetaSmartz also has offices in New York, Hong Kong and Sydney.
Canopy, formerly known as Mesitis, offers a personal financial data aggregation and visualization platform, helping financial institutions and wealth managers connect their siloed data, analyze these data, and gain new insights into their business or market. Canopy’s API solution sits on top of clients’ existing infrastructure and enables financial data to be aggregated seamlessly across several databases and systems.
Canopy is headquartered in Singapore and has an office in Switzerland.
StashAway is an online investment management company headquartered in Singapore. The company designs personalized portfolios and unique monthly investment plans based on a customer’s characteristics, and then manages this portfolio with advanced investment strategies.
StashAway was the first robo-advisor to obtain a full capital-markets services license (CMS) from the Monetary Authority of Singapore (MAS) and expanded to Malaysia in November 2018.
Featured Image credit: Edited from Freepik