Deepti Sri · · 1 min readStanChart VC arm invests in SG wealthtech firm
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Singapore-based BetterTradeOff (BTO) aims to enable financial institutions deploy bespoke financial planning solutions to their clients quickly and at scale.
Laurent Bertrand, CEO and co-founder of BTO, told Tech in Asia that banks and insurance providers often have three main pain points in terms of serving mass affluent customers: poor customer engagement, challenges with scaling, and limited client data.
The firm has raised an undisclosed sum from SC Ventures, the VC arm of Standard Chartered.
Funding details
- Funding amount: Undisclosed
- Investor: SC Ventures
- Stage: Unspecified Stage
- Source
BTO is expanding its operations in Asia Pacific, targeting markets such as Thailand, India, Taiwan, Indonesia, Vietnam, and Japan.
The company said its Asian expansion is driven by “strong momentum” from banks and insurance providers in the region that are looking to better serve younger, digital-first clients.
See also: How an SG regtech firm won over StanChart and HSBC with ‘ChatGPT for banks’
In 2021, BTO partnered with Standard Chartered to launch SC Goals Planner, a digital wealth management and financial planning solution for SG customers.
Editing by Thu Huong Le and Lorenzo Kyle Subido
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