Digital wealth advisory platform Endowus has raised an additional US$17.5 million in funding after its US$35 million raise last year, making this round to reach US$52.5 million.

The round includes existing investors Prosus Ventures, UBS, and MUFG, as well as newcomers Osk Ventures, The Wells Investment, and basketball player Jeremy Lin’s Jlin Llc.

This latest funding brings Endowus’ total raised to US$110 million.

The new funds will support Endowus’ expansion into major wealth market in Asia. It also plans to improve its technology and invest in AI to better serve mass-affluent and high-net-worth clients.

The company said that client assets under its management recently surpassed US$7 billion across its operations in Singapore and Hong Kong.

Recent Endowus developments