Our India Ventures team has invested in StashAway, a Southeast Asian digital wealth management platform. Eight Roads led the $12 million Series B round with participation from the company’s existing investor, Asia Capital & Advisors.

StashAway is a digital wealth management platform that delivers automated, personalised portfolio management to each client’s individual portfolios. Its risk-management investment strategy, ERAA® (Economic Regime-based Asset Allocation), is designed to maximise clients’ long-term returns while keeping each individual customer’s specific risk exposure constant through changing economic cycles.

Tens of thousands of people have opened an account and used the platform since StashAway first launched in Singapore in July 2017. Since its Series A fundraising round in March 2018, StashAway entered its second country, Malaysia, and became the first and only robo-advisor in Singapore to accept the country’s Supplementary Retirement Scheme Fund for investments. The company also introduced its own financial education programming, StashAway Academy, for investing beginners to experts, and everyone in between.

Michele Ferrario, Co-founder and CEO of StashAway commented, “The financial backing from Eight Roads Ventures, one of the earliest investors in Alibaba, alongside the continued support of Asia Capital & Advisors, will accelerate investment product development for our clients in Singapore and Malaysia, while also supporting market expansion throughout the APAC region and doubling down on financial education content development and distribution.”

With this additional funding, StashAway is looking to expand into new markets in the region and accelerate investment product development. We are grateful to Michele, Freddy, Nino and the entire StashAway team for giving us the chance to be a part of this journey to redefine wealth management in Southeast Asia.