Press Release: Arta Finance announces strategic investment from EDBI

Press Release

Arta Finance announces strategic investment from EDBI to make wealth building solutions more accessible and expand its international footprint

• Arta Finance is preparing to launch its digital wealth platform internationally, which will enable access to investment tools and financial solutions typically reserved for the ultra-wealthy

• Arta Finance welcomes investment from EDBI, the strategic investment arm of the Singapore Economic Development Board, to drive innovation in wealth management technologies and help reshape the future of Singapore’s fintech industry

SINGAPORE, 11 September 2024: Arta Finance, a fintech company transforming the way people grow, protect and enjoy their wealth, today announced a strategic investment from EDBI to support the growth and development of their digital wealth platform for Singapore and international markets.

Founded by ex-Google executives and jointly headquartered in the US and Singapore, Arta Finance is a digital wealth platform that enables a much larger cohort of people to access the financial tools and products of the ultra-wealthy, to help address the growing wealth gap between the world’s wealthiest individuals (the 0.1%) and the rest of the population. Arta Finance does this by providing greater access to ‘financial superpowers’ - investment opportunities and financial strategies typically only available to the ultra-wealthy via family offices and private banks - but with a more intuitive user experience and at an approachable cost. Arta creates a personalized investment strategy for each of its members, applying the latest in artificial intelligence, technology infrastructure, and customized support to help members build their financial futures.

EDBI, the strategic investment arm of the Singapore Economic Development Board (EDB) and a division under SG Growth Capital, has joined Arta Finance’s list of growing global investors, which includes Peak XV, Ribbit Capital, and Coatue. This investment not only supports Arta Finance in developing its innovative platform and scaling its growth but also helps catalyse a venture-building environment led by experienced founders, further strengthening the local innovation ecosystem.

Arta Finance is currently operating in the US and is preparing to expand internationally through Singapore later this year.  

Singapore-based Caesar Sengupta, CEO of Arta Finance, stated: "We are incredibly grateful for the support from EDB, who have been with us right from the start. Their guidance has been instrumental in helping us bring Arta’s offering to life. We are excited to welcome EDBI as an investor in Arta, further solidifying our vision to scale our platform globally. Together, we are committed to creating a wealth management platform that sets new standards in the industry."

We are excited to welcome EDBI as an investor in Arta, further solidifying our vision to scale our platform globally.

“Arta’s decision to establish its global headquarters and develop an AI-enabled fintech platform in Singapore underscores the country’s robust innovation ecosystem and advanced digital infrastructure, making it a prime destination for global founders to scale their businesses. The company is a valuable addition to our ecosystem and is set to create exciting job opportunities,” said Paul Ng, CEO of EDBI.

Arta’s decision to establish its global headquarters and develop an AI-enabled fintech platform in Singapore underscores the country’s robust innovation ecosystem.

Over the past 18 months, Arta’s member base in the US has grown rapidly, from first-time investors to those with deep investing experience. Those wanting to register interest ahead of Arta’s Singapore launch can do so via: www.artafinance.com.sg

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About Arta Finance: Founded by ex-Google executives, Arta Finance is a digital wealth platform for the savvy that enables more people to access the financial advantages of the ultra-wealthy. The platform provides access to private market investments from elite fund managers, intelligent public market portfolios, and sophisticated financial services such as tax and estate planning. Headquartered in the US and Singapore, Arta serves its members directly as well as empowering financial institutions to expand wealth management to new clients. Arta is backed by Peak XV, Ribbit Capital, Coatue, and over 140 luminaries in tech and finance.

Learn more at artafinance.com   About EDBI: Established in 1991, EDBI is the strategic investment arm of the Singapore Economic Development Board (EDB), operating as a division under SG Growth Capital. We focus on high-growth technologies and innovators across the Information & Communication Technology, Emerging Technology, and Healthcare sectors, with the aim of creating long-term value and enhancing the capabilities of Singapore’s key industries. We partner with companies poised for expansion in Asia and beyond, using a targeted value creation approach and leveraging our extensive network. We collaborate closely with these companies to identify growth opportunities, develop strategic roadmaps, and facilitate access to essential resources for success in and through Singapore.

Learn more at www.edbi.com

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