StashAway revenue jumps 42% in H1 2026, beating 2025 figures

StashAway, a digital wealth platform that offers a range of investment products for retail and high-net-worth investors, reported rising revenues in 2025 even as losses widened across the group.

Last year, its revenue increased 25% year on year to US$13.1 million, according to the firm’s financial filings. Losses before tax increased 39% year on year to -US$11.7 million.

“We’re now growing faster than in the last couple of years – we have a very confident outlook for the rest of the year,” CEO Michele Ferrario tells Tech in Asia.

He adds that in 2025, the firm turned EBITDA positive in Singapore for the second year running.

See also: StashAway hits profit milestone in SG as revenue jumps 36%

In the city-state, “we’re now actually also after-tax profitable, and that profitability is growing,” he says.

These gains have further accelerated in the first six months of 2026, with net revenue jumping 42% year on year to S$11.5 million (US$9 million) across the group, Ferrario says, sharing previously unreleased figures.

In Singapore, the firm’s EBITDA margin – which measures a firm’s operating profit as a percentage of revenue – swung from -8% to 18% in the first half of 2026.

In January 2025, the firm raised US$12.5 million in capital from existing institutional investors and welcomed an “established family office” as a new backer.

The funds were earmarked for accelerating innovation and allowing the firm to serve a much larger customer base, Ferrario shares. As the company invested those funds into marketing as well as launching new products and improving user experience through personalization, this led to higher losses in 2025.

Growth levers

The uptick in the group’s revenue was driven by new features and products, Ferrario says. To incentivize clients to invest over time, for instance, StashAway rolled out a feature in April that gives investors an additional 0.15% per annum in returns on their cash when they invest regularly.

StashAway CEO Michele Ferrario / Photo credit: StashAway

Since last year, the company has also introduced new alternative investment offerings like a hedge fund for accredited investors and a new platform for exchange-traded funds (ETFs).

To qualify as an accredited investor, users have to opt in and meet one of three criteria prescribed by the Monetary Authority of Singapore (MAS), such as having a net income of not less than S$300,000 (US$234,000) or have net financial assets of over S$1 million (US$780,000).

Rising expenses

Keeping things curated