A Hong Kong-based robo-advisor is moving ahead with regional expansion and hiring after its latest funding round. Singapore is on the radar.
Digital wealth solutions firm Quantifeed's automated investment platform allows advisors and customers a digital wealth management service under their own brand. In its latest funding round the fintech pulled in $10 million of Series B funding.
The firm now plans to open a Singapore office and boost its research and development efforts in areas such as behavioural analytics, according to a media statement on Wednesday.
The investment is led by Taiwan's largest financial holding company, Cathay Financial Holdings and U.S. global asset manager Legg Mason.
Quantifeed was founded by former investment banking executives Alex Ypsilanti, CEO, and Ross Milward, chief technology officer, in Hong Kong in 2013.
