For a robo-advisory startup that’s less than four years old, breaking the US$1 billion assets under management (AUM) mark is a big deal. Especially when crossing that milestone makes the startup the largest digital asset manager in Southeast Asia. We’re talking about Singapore-based StashAway.
Though the amount pales in comparison to global asset managers like BlackRock (US$8.67 trillion) or Vanguard (US$6.2 trillion), StashAway has come far in its region.
“If you asked me [when we’d hit US$1 billion AUM] a couple of years ago, I would have given you a longer timeline,” says StashAway co-founder and CEO Michele Ferrario.