AAA Endowus collects $17m

Endowus collects $17m

Endowus, a Singapore-based savings and investment platform, has raised S$23m ($17m) in its series A round from a consortium including Softbank Ventures Asia, a corporate venturing unit of Japan-listed conglomerate SoftBank.

Venture capital firm Lightspeed Venture Partners led the round in its first external fundraise. The money will help it expand to Hong Kong.

By James Mawson

James Mawson is founder and chief executive of Global Venturing.