Fintech

$10M for a private bank on your phone

November 22, 2022
Kristal

I don't want diamonds. I want Kristal! This Singaporean wealth management startup just raised a $10M+ Pre-Series B!

  • Founded in 2016, they've tripled their assets under management (AUM) to past $1B in August 2022.
  • They've also grown their user base over 50% year-on-year, with over 50k users in over 20 countries.


Investor check. Chiratae Ventures, Stride Ventures, the Desai Family Office and more joined in.

  • The founders also put in some cash.
  • They last raised $6.3M in March 2021


😱 A private bank on your phone

Kristal allows you to create super personalized investment portfolios to easily manage and grow your money (without costing a ton, unlike real private banks!).

  • Need help? Their advisors can construct your investment portfolio and give you regular updates on new opportunities and how your portfolio's doing.

While most of their products are for accredited investors, they've also got some investment products for regular folks like you and I.


💡 How it works

Invest in more, for less! They offer access to institutional-grade investment products — for a fraction of the price.

  • They've got tons of investment products for you, including 200 premium funds.
  • They also have mutual funds, institutional funds like PE and VC, structured products, listed products, automated portfolios and even crypto!

Private market access. Invest in pre-IPO companies and private deals.

  • Invest in companies like Klarna and SpaceX or even into Kristal's early-stage startup fund!

And more. They also offer digital family office services, an asset under advisory solution, and more!


🌏 Around the world

They'll be using the new $$$ to expand to new markets and double down on product and their platform.

  • They have also just applied for an ADGM license to expand to the United Arab Emirates.

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