StashAway
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StashAway - overview
Established
2016
Location
Singapore, -, Singapore
Primary Industry
Software
About
Founded in 2016 and based in Singapore, Asia Wealth Platform Pte. Ltd. operates StashAway, an investment management platform. The company was founded by Michele Ferrario, Freddy Lim, and Nino Ulsamer.
In April 2021, Asia Wealth Platform Pte. Ltd raised SGD 25 million Series D funding led by new investor Sequoia Capital India, with participation from returning investors Eight Roads Ventures and Square Peg. The company operates in Malaysia, MENA, and Hong Kong. The platform is used to build a personalized financial and savings plan for investors.
The company provides an investment platform, which helps users invest in a diversified portfolio based on individual risk appetites and investment goals such as retirement, income portfolio, term insurance and more. The company also provides a cash management solution, StashAway Simple™. The company also introduced a proprietary investment strategy called Economic Regime-based Asset Allocation (ERAA) that uses macroeconomic data to determine and analyze risk in economic environments. ERAA's intelligent asset allocation approach minimises risk and maximises returns by analyzing thousands of data points to determine current and upcoming economic environments, navigating economic uncertainty, and seeking asset class valuation gaps.
The company launched Workplace, its business-to-business service, to provide retirement and savings solutions to corporate employees. The company generates revenue by charging users an annual management fee of 0. 8% on their first SGD 25,000. As of January 2021, the firm has a total paid-up capital of USD 36.
6 million. The company is planning to start operations in Thailand which will be its fifth market and is also planning to develop and launch new products.
Current Investors
Asia Capital & Advisors, Eight Roads Ventures, Square Peg
Primary Industry
Software
Sub Industries
Consulting Services, Financial Services, Accounting/Finance Software, Analytics & Performance Software, Content Management Software
Website
www.stashaway.sg
Verticals
FinTech, Mobile Apps
Company Stage
Series D
Total Amount Raised
Subscriber access only
StashAway - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 10,551.796 | 215,880.116 | 707,121.14 | 2,284,826.579 | 6,002,225.415 | - | - | - |
| % Revenue Growth (YoY) | - | - | 1945.9% | 227.6% | 223.1% | 162.7% | - | - | - |
| EBITDA (USD) | (44,099.863) | (1,138,049.794) | (2,947,218.152) | (4,863,675.493) | (9,165,044.313) | (21,838,960.985) | - | - | - |
| Operating Income (USD) | (44,188.98) | (1,164,084.368) | (3,063,662.888) | (5,101,388.654) | (9,726,374.561) | (22,744,097.74) | - | - | - |
| Operating Margin | - | (11032.1%) | (1419.2%) | (721.4%) | (425.7%) | (378.9%) | - | - | - |
| % EBITDA Margin | - | (10785.4%) | (1365.2%) | (687.8%) | (401.1%) | (363.8%) | - | - | - |
| NET Income (USD) | (44,188.98) | (1,164,084.368) | (3,063,662.888) | (5,101,388.654) | (9,750,608.369) | (22,767,100.9) | - | - | - |
| % Net Margin | - | (11032.1%) | (1419.2%) | (721.4%) | (426.8%) | (379.3%) | - | - | - |
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