Investors shut down Singapore robo-advisory startup Smartly.

The firm was acquired in 2019 by Vietnam's VinaCapital.

Wallace Ho26 Mar, 2020

Investors shut down Singapore robo-advisory startup Smartly.

Singapore-based robo-advisor startup, Smartly, is shutting down its operations due to intense competitions in the digital investment advisory space.

The startup was acquired by investment management firm VinaCapital from Vietnam back in 2019, who eventually decided to shut it down.

A message to customers displayed on Smartly's website.

VinaCapital said that the decision was made few weeks ago following a strategic evaluation....

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