Digital Wealth Administration Platform StashAway Expands Enterprise Operations into Thailand
Bunkers, a digital wealth management platform, was officially launched in Thailand, which represents an entirely new overseas market for the fintech company headquartered in Singapore.
StashAway, which mainly provides robo-advisory services, has already established offices in Dubai, Hong Kong and Malaysia.
The StashAway platform, currently available to consumers based in Thailand, is regulated by the statewide regulator Securities and Exchange Commission.
As reported by Edge Markets, consumers in Thailand are very interested in overseas investment opportunities in order to diversify their investment portfolios more effectively tend to be loud Tim Niranvichaiya, MD at StashAway Asset Management (Thailand Department).
He also notes that “StashAway can make a significant contribution to people’s long-term financial success here.” He claims that it “takes just a few minutes to register with a transparent, all-inclusive fee and access globally diversified, personalized portfolios”.
According to the reserve bank, individual Thailand resident consumers are making significant investments in overseas assets. However, the country’s investors are still over-invested in local assets compared to Hong Kong or Singapore-based investors.
StashAway saves clients the time and effort of researching and managing their funds independently, and the company brings over 50 years of experience and 30,000 hours of research and stress testing to its platform, the fintech company’s management reveals. They added that the end result is a “smart” investment framework and technology that “re-optimizes and rebalances each client’s portfolios with extreme precision, controls risk and navigates them through any economic environment”. This, after Freddy Lim, Co-Founder and Group CIO.
Founded in 2016, StashAway now manages over $ 1 billion in total assets. His supporters reportedly include VC firms Eight Roads Ventures, Sequoia Capital India, and Square Peg.
