SITENAME Logo

Investors shut down Singapore robo-advisory startup Smartly.

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


Investors shut down Singapore robo-advisory startup Smartly. | BEAMSTART News

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.

At present, Smartly has arranged to  return its customers funds and also direct them to other service providers.

Previous investors in the firm include Expara Thailand, NEXEA Venture Capital, and Angel Investors.

Please log in to read this article.

Register for free today and enjoy the following:

  • Get access to members-only content.
  • Expand your network and exchange messages with other members.
  • Promote your company, post up jobs, find customers, and raise funds.
  • Receive special invitations to upcoming events and community activities.
  • and lots more!

BEAMSTART is a global business community with the aim of connecting people to opportunities. Expand your network, discover new possibilities, and explore a vast database of resources that can help you go further in your business and career.

 

Download the App

Never miss an opportunity again. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

© 2016 - 2020 BEAMSTART. All Rights Reserved (Legal).