Arta Finance provides a gateway to private market investments, enabling access to investment tools and financial solutions
THE investment arm of the Singapore Economic Development Board, EDBI, has made an undisclosed strategic investment into digital wealth platform Arta Finance.
The funds will be used to support the growth and development of the fintech company’s digital wealth platform for Singapore and international markets, said the company on Wednesday (Sep 11).
Founded by former leaders at Google, Arta Finance is jointly headquartered in the US and Singapore. Currently operating in the US, the company said it is “preparing to expand internationally through Singapore later this year”.
Paul Ng, chief executive of EDBI, said: “Arta’s decision to establish its global headquarters and develop an artificial intelligence-enabled fintech platform in Singapore underscores the country’s robust innovation ecosystem and advanced digital infrastructure, making it a prime destination for global founders to scale their businesses.”
Arta Finance provides a gateway to private market investments, enabling access to investment tools and financial solutions typically reserved for the ultra-wealthy.
Its existing investors include venture capital firms Peak XV and Ribbit Capital, as well as investment management firm Coatue.
Arta Finance was established in 2021 as Arbo Works and emerged from stealth mode in 2022. In July this year, it received its capital markets services licence from the Monetary Authority of Singapore.
