Financial Results
Endowus Closes Latest Funding Round

The group comprises firms in Hong Kong and Singapore as well as multi-family office Carret Private, which is also based in Hong Kong.
Endowus, an Asia-based wealth advisory and investment platform, said yesterday that it has closed its latest funding round, raising more than HK$540 million ($70 million). To date, it has raised $130 million of funding.
This round adds a fresh raise of HK$155 million to the conversion of existing notes to bring the company’s total funding to over HK$1 billion since its inception.
Client assets are now at HK$78 billion, Endowus said in a statement.
UK-based Illuminate Financial led the fundraising round, along with investors such as Citi Ventures, Prosus Ventures and a number of Asian family offices.
The Endowus Group comprises Endowus’ licensed companies in Hong Kong and Singapore, as well as Hong Kong-based multi-family office Carret Private.
“Wealth management is undergoing a generational transformation driven by demand for aligned advice, greater transparency, and better access to solutions,” Samuel Rhee, co-founder and chairman of Endowus said. “We are at the forefront of this change by aligning only to the best interests of clients and leveraging technology to enable better experiences and achieve better outcomes.”
The new capital will be used to boost its geographical expansion and wealth and retirement solutions.
The firm said Hong Kong has been a bright spot, delivering a 150 per cent rise in clients, and a trebling of assets. The business has expanded its Endowus Private Wealth arm that caters to affluent and high net worth clients, with a broader offering of alternatives and private market solutions.
Alternative investments on the Endowus platform expanded by more than three times in the past year, crossing HK$3.9 billion.