A unit of Singapore’s Economic Development Board has made an investment into Arta Finance, a digital wealth platform co-headquartered in the city-state and the US.
Arta Finance has received an investment from EDBI, the strategic investment arm of the Singapore Economic Development Board (EDB) operating as a division under SG Growth Capital, according to a statement.
EDBI joins a list of global investors in Arta Finance, including Peak XV, Ribbit Capital and Coatue.
Liberalizing Financial Access
Founded by ex-Google executives, Arta Finance is a digital wealth platform that enables more people to gain access to opportunities traditionally reserved for the ultra-wealthy. This includes investment opportunities and financial strategies made available via family offices and private banks. The firm is currently operating in the US and is preparing to expand internationally through Singapore later this year.
«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,» said Caesar Sengupta, Arta Finance’s Singapore-based CEO.
«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.»
