Arta Finance has received a Capital Markets Services license from the Monetary Authority of Singapore, allowing it to provide services to Accredited Investors in Singapore.
SINGAPORE, July 18, 2024 /PRNewswire/ -- Arta Finance, a digital family office for Accredited Investors, today announced it has received approval to launch in Singapore and plans to open its platform for Singaporean residents and others investing through Singapore later this year. The launch in Singapore follows a significant expansion of Arta's product offering and team of industry leaders, as well as its exit from stealth in 2022 with more than S$120 million (US$90 million) from Peak XV (formerly Sequoia Capital India & SEA), Ribbit, Coatue, and more than 140 tech and finance luminaries, including Eric Schmidt, Michael Miebach, and Nikesh Arora.
"Singapore's rise as a global capital of wealth makes it an ideal location for innovation and financial technology. Launching Arta in Singapore allows us to serve investors globally through this highly trusted financial hub," said Caesar Sengupta, CEO and Co-Founder of Arta Finance. "At Arta, we aim to democratize access to high-powered financial strategies, ensuring the wealth management tools of the ultra-wealthy are available to a wider audience. We are excited to bring these financial superpowers to many more people through our launch in Singapore."
Arta unlocks access, personalization, and connections that were, until now, available only to the ultra-wealthy through family offices and private banks. These institutions typically employ teams of professionals who use sophisticated financial strategies and tap into exclusive investment opportunities.
Through technology, Arta opens access to alternative assets, unlocks liquidity through lines of credit for eligible members, and harnesses AI to enable intelligent investing in public markets. Members are also plugged into Arta's ecosystem of financial and lifestyle professionals who help them protect and enjoy their wealth. The company does this while eliminating the administrative overheads, conflicts of interest, clunky UIs, and eye-watering fees often faced by people looking for financial advice.
Additionally, Arta members can:
"Combining advanced financial strategies with AI is the type of visionary thinking that brings about real step-function change. I am so impressed with what Arta has built by applying advanced AI and ML to investing strategies and look forward to seeing this fantastic team create tremendous value for so many people," said Eric Schmidt, Co-Founder of Schmidt Futures and Former CEO & Chairman of Google.
Arta, dual-headquartered in Singapore and the U.S., has made significant strides in the past year. As a U.S. SEC-registered investment advisor, the company has successfully launched and expanded its presence in the U.S. market. Its innovative approach to financial technology has garnered recognition, earning Arta the 2023 "Fintech Trailblazer" title by Nasdaq, a spot on Forbes' Fintech 50 list, and the prestigious GGV Fintech Innovation Award.
Arta Finance plans to formally open its platform to Accredited Investors in Singapore later this year. To learn more about Arta Finance and sign up for the waitlist, please visit www.artafinance.com/sg.
About Arta Finance
Arta Finance is the digital family office for the world. It empowers more people to gain the financial superpowers that, until now, were the domain of ultra-high-net-worth individuals. Arta Finance, a U.S. SEC-registered investment advisor, harnesses AI and machine learning to enable intelligent investing in public market equities, provides access to alternative investments – including private equity, venture capital, and real estate – and connects members to financial expertise to advance their unique goals. Founded by a team of former Google executives, Arta is backed by Sequoia Capital India, Ribbit Capital, Coatue, and more than 140 luminaries in tech and finance. To learn more about Arta, visit artafinance.com.
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