Endowus completes additional fundraising of 136 million Hong Kong dollars. New investors include a company founded by Jeremy Lin.

Asian wealth management platform Endowus Smart Investment announced that it has completed an additional fundraising of 136 million Hong Kong dollars (17.5 million US dollars), bringing the total amount raised in its latest round of funding to 410 million Hong Kong dollars (52.5 million US dollars), with total financing exceeding 850 million Hong Kong dollars (110 million US dollars) since its establishment. New investors include OSK Ventures based in Malaysia, as well as the Asia Companion Fund (ACF) managed by The Wells Investment and JLIN LLC. JLIN LLC is a mission-driven enterprise founded by internationally renowned professional basketball player Jeremy Lin, aimed at actively promoting social development. This is ACF's first financial technology investment in Asia. Additional investors in this round of fundraising also include existing shareholders Prosus, UBS Group, and MUFG Innovation Partners of Mitsubishi UFJ Financial Group. The funds raised in this round will help Endowus Smart Investment to continue to expand, further expanding its services in the two major wealth centers of Hong Kong and Singapore in Asia. The focus will be on investing heavily in talent and technology, including the application of industry-leading artificial intelligence (AI) technology to enhance customer experience and operational efficiency. Endowus Smart Investment will also strive to expand its alternative investment products under the Endowus Private Wealth brand through partnerships with global leading fund companies such as Apollo, Ares, Blackstone, Blue Owl, Carlyle, EQT, KKR, and Partners Group, providing more options for hedge fund and private equity market investors.