Roehl Niño Bautista · · 1 min readSG wealth management firm banks $7.5m in series A money
Xen Capital, a Singapore-based wealth management platform, has raised US$7.5 million in a series A round led by Headline Asia, formerly known as Infinity Ventures.
Xen Capital CEO and co-founder Katrina Cokeng / Photo credit: Xen Capital
Xen Capital offers an alternative, zero-upfront fee client management platform that lets wealth advisors and asset managers transact with clients and for them. It has client onboarding, marketing, performance reporting, and administrative management features under one platform, while giving users access to private markets.
“We are building the ecosystem for market participants to close high-quality deals at scale,” said Katrina Cokeng, Xen Capital’s CEO and co-founder, adding that the latest fundraise will boost its product expansion efforts in Asia.
The company was founded by Cokeng and Manish Sansi in 2018.
Xen Capital said that it has processed more than US$200 million worth of private market deals in the last 12 months. It has 37 employees in seven offices across Singapore, Taipei, Hong Kong, Shenzen, Dubai, and New York.
Editing by Collin Furtado and Lorenzo Kyle Subido
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