Digital Family Office for Accredited Investors Arta Finance Announced Global Launch Providing Access to Singapore & International Investors to Manage Their Wealth in Singapore, Launches Wealth Platform, AI Copilot to Support Investment Decisions and Integrating Arta Wealth-as-a-Service into Abu Dhabi Digital Investment Platform Wio Invest
18th October 2024 | Hong Kong
Digital family office for accredited investors Arta Finance has announced Arta global launch (11/10/24), providing access to Singapore & international investors to manage their wealth in Singapore, launching the Arta wealth platform, AI Copilot to support investment decisions, and integrating Arta Wealth-as-a-Service into Abu Dhabi digital investment platform Wio Invest. Arta Finance (11/10/24): “Fast-growing digital wealth management platform Arta Finance today launched globally. Arta’s platform is now open to accredited investors in Singapore and to international investors open to managing their wealth in Singapore – a global wealth hub where an expected 1.6 million non-Singaporeans are expected to manage $4.8 trillion in assets by 2028. The international launch comes after Arta’s successful debut in the US in October 2023, where it has since grown to manage hundreds of millions in assets for thousands of clients. Arta’s wealth platform offers a curated deal flow that includes private investments from exclusive fund managers, intelligent public market strategies, and innovative structured products, without the sales pressure, opaque pricing and manual processes found in many other financial institutions. Arta’s designed-in-Singapore product has various unique features, including support for philanthropic giving in partnership with Co-Axis – a Temasek Trust initiative, a Founding Member community, and even a Singlish setting in its AI Copilot. Arta also launched the first-of-its-kind AI Copilot, purpose-built for wealth management and finance. This patent-pending technology, rolling out progressively to members will empower them to make smarter investment decisions – ideate, analyse, and monitor their portfolios with the tools and insights that usually require large teams of relationship managers, private bankers, and investment analysts. Unlike commonly available AI chatbots or apps, Arta’s AI systems are purpose-built for applications in wealth and finance and exploit the reasoning capabilities of the latest large language models. Arta’s AI stack employs several models that work in conjunction with each other – including commercially available closed source models, fine-tuned open source LLMs and several custom built AI/ML models created by Arta’s researchers. These models have access to high-quality public and proprietary data including large financial and risk data sets for training and inference. This enables Arta to combine the fluency of LLMs with the time sensitivity, hard mathematical rigour and explainability necessary for investment and financial applications. Its AI stack, like the rest of Arta’s infrastructure, is highly privacy-preserving and uses encryption at rest and in transit for all user data. Singapore Minister of State for Trade and Industry and MAS board member, Alvin Tan was on hand to help launch Arta in the City State, alongside investors, fund managers, partners, and clients. The company has established key functions in Singapore including engineering, marketing, product, design and operations and a number of its global leads including its CEO are based in Singapore … … Wealth-as-a-service launched with Wio, Google Cloud and CapCo tie ups – Arta today also took a major step on its B2B journey with the announcement that Abu Dhabi’s Wio Invest would be the first of many financial institutions to integrate the Arta wealth-as-a-service platform into Wio’s industry leading digital investment platform, to create a new wealth management offering for its clients in the Middle East, pending regulatory approval. The ‘wealth-as-a-service’ platform for banks is a new B2B offering by Arta. It was done with support from the venture building team of the Singapore Economic Development Board (EDB), which worked closely with Arta to incubate this offering during the early stages of the concept. This cloud-based platform empowers partner banks to serve their clients better and meet evolving demands with faster time-to-market for innovative wealth management products, services, and technology. Banks can choose from integrating Arta AI Copilot capabilities, to embedding Arta’s investment solutions into their platforms, to fully white-labelling the Arta platform — enhancing their digital capabilities and unlocking growth in new wealth segments. To help integrate a cloud and AI native wealth platform into legacy systems at partner banks, Arta is also announcing partnerships with Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta’s technology. Mr. Ralph Hamers becomes part of a distinguished group of early investors in Arta, which includes more than 140 technology and finance leaders, such as ex-Google CEO Eric Schmidt and Mastercard CEO Michael Miebach. The Arta wealth platform is now available globally to all accredited investors on desktop and mobile. Early members will get their first investment up to $100K managed free for life by Arta (terms and conditions apply).” In 2024 September, ex-CEO of UBS Ralph Hamers has joined digital family office for accredited investors Arta Finance as external advisor & angel investor. In 2024 September, Arta Finance received a strategic investment from Singapore EDBI, with Arta Finance currently operating in United States and to launch in Singapore in 2024. Arta Finance has raised $90 million from investors including Peak XV, Ribbit, Coatue & ex-Google CEO Eric Schmidt, ex-President of SoftBank Nikesh Arora & Mastercard CEO Michael Miebach. In 2024 July, digital family office for accredited investors Arta Finance received approval to launch in Singapore, providing investors with access to alternative investments and can choose performance-based pricing.
“ Digital Family Office for Accredited Investors Arta Finance Announced Global Launch Providing Access to Singapore & International Investors to Manage Their Wealth in Singapore, Launches Wealth Platform, AI Copilot to Support Investment Decisions and Integrating Arta Wealth-as-a-Service into Abu Dhabi Digital Investment Platform Wio Invest “
Arta CEO Caesar Sengupta: “Arta is at the intersection of some powerful trends, including the personalisation and democratisation of wealth management, the huge growth and opportunity in private market investing, and the use of AI to create capabilities that have previously only been the preserve of the ultra-wealthy. We are now taking a major leap forward with our global launch and can’t wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead.”
Amanda Ong, Singapore Country Director and Head of International Expansion: “Singapore is the natural home for Arta’s international business with its rising importance as Asia’s wealth hub. The launch of the B2B business is an extension of Arta’s mission, enabling us to partner with banks and financial institutions in a way that is wholly complementary to their current offering. We are proud to welcome Wio as our launch partner and look forward to growing together.”
Arta welcomes Ralph Hamers as external advisor – Arta also today welcomes Ralph Hamers as an external senior advisor, providing strategic guidance as the company grows internationally. Ralph Hamers is an advisor to established and new players in the global financial sector. He developed a special knowledge in digitalisation of processes and client offerings. Hamers previously was CEO with UBS and ING.
Ralph Hamers, External Advisor: “A central focus of my leadership has been to take legacy businesses and digitalise, integrating front-to-back technology to drive efficiencies and make the lives of clients and colleagues easier. This often needs major and multi-year transformations in well-established organisations. With Arta, I see the enormous opportunity of having incredibly smart people from the worlds of technology and finance coming together to build a platform that is more than ready to take its place amongst the world’s leading wealth managers.”
Ex-UBS CEO Ralph Hamers Joins Digital Family Office for Accredited Investors Arta Finance as External Advisor & Angel Investor, Arta Finance Raised $90 Million from Investors Including Peak XV, Ribbit, Coatue & ex-Google CEO Eric Schmidt, ex-President of SoftBank Nikesh Arora & Mastercard CEO Michael Miebach
12th October 2024 – The ex-CEO of UBS Ralph Hamers has joined digital family office for accredited investors Arta Finance as external advisor & angel investor. In 2024 September, Arta Finance received a strategic investment from Singapore EDBI, with Arta Finance currently operating in United States and to launch in Singapore in 2024. Arta Finance has raised $90 million from investors including Peak XV, Ribbit, Coatue & ex-Google CEO Eric Schmidt, ex-President of SoftBank Nikesh Arora & Mastercard CEO Michael Miebach. In 2024 July, digital family office for accredited investors Arta Finance received approval to launch in Singapore, providing investors with access to alternative investments and can choose performance-based pricing. Arta Finance (10/10/24): “We’re thrilled to announce that Ralph Hamers, former CEO of UBS and ING, has joined Arta Finance as an external advisor and angel investor. Welcoming a visionary leader like Ralph is a privilege as we drive our global expansion and elevate our platform to new levels of growth and innovation. Ralph Hamers is a name synonymous with transformation in the financial world. At UBS, he drove record financial results, led the digital overhaul of the company, and helped prepare the acquisition of Credit Suisse. Before UBS, he was at the helm of ING, transforming it into one of the world’s first fully branchless, digitally-driven banks. His leadership consistently embraces innovation, which is why we are so excited to have him guiding us as we build Arta into a global wealth platform for everyone. This announcement marks more than just a milestone for us – it’s a pivotal step in our mission to open access to elite financial opportunities. Traditionally, private banks serve ultra-high-net-worth individuals, imposing significant asset thresholds that exclude most investors. The Arta wealth platform is designed to change that. By leveraging technology and deep financial expertise, we provide accredited investors access to sophisticated strategies like private equity, venture capital, and intelligent ways of investing in public markets–without the traditional barriers of entry. Ralph’s unparalleled expertise will play a key role as we expand internationally via Singapore. His experience in scaling global platforms and modernizing private banking systems will be invaluable as we continue to redefine the landscape of wealth management.”
Digital Family Office for Accredited Investors Arta Finance Receives Strategic Investment from Singapore EDBI, Arta Finance Currently Operating in United States & to Launch in Singapore in 2024, Raised $90 Million from Investors Including Peak XV, Ribbit, Coatue & ex-Google CEO Eric Schmidt, ex-President of SoftBank Nikesh Arora & Mastercard CEO Michael Miebach
12th September 2024 – Digital family office for accredited investors Arta Finance has received a strategic investment from Singapore EDBI, with Arta Finance currently operating in United States and to launch in Singapore in 2024. Arta Finance has raised $90 million from investors including Peak XV, Ribbit, Coatue & ex-Google CEO Eric Schmidt, ex-President of SoftBank Nikesh Arora & Mastercard CEO Michael Miebach. In 2024 July, digital family office for accredited investors Arta Finance received approval to launch in Singapore, providing investors with access to alternative investments and can choose performance-based pricing. Announcement (11/9/24): “EDBI, the strategic investment arm of the Singapore Economic Development Board (EDB) and a division under SG Growth Capital, has joined Arta Finance’s list of growing global investors, which includes Peak XV, Ribbit Capital, and Coatue. This investment not only supports Arta Finance in developing its innovative platform and scaling its growth but also helps catalyse a venture-building environment led by experienced founders, further strengthening the local innovation ecosystem.”
Singapore-based Caesar Sengupta, CEO of Arta Finance: “We are incredibly grateful for the support from EDB, who have been with us right from the start. Their guidance has been instrumental in helping us bring Arta’s offering to life. We are excited to welcome EDBI as an investor in Arta, further solidifying our vision to scale our platform globally. Together, we are committed to creating a wealth management platform that sets new standards in the industry.”
Paul Ng, CEO of EDBI: “Arta’s decision to establish its global headquarters and develop an AI-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. The company is a valuable addition to our ecosystem and is set to create exciting job opportunities.”
Arta Finance: Founded by ex-Google executives, Arta Finance is a digital wealth platform for the savvy that enables more people to access the financial advantages of the ultra-wealthy. The platform provides access to private market investments from elite fund managers, intelligent public market portfolios, and sophisticated financial services such as tax and estate planning. Headquartered in the US and Singapore, Arta serves its members directly as well as empowering financial institutions to expand wealth management to new clients. Arta is backed by Peak XV, Ribbit Capital, Coatue, and over 140 luminaries in tech and finance.
EDBI: Established in 1991, EDBI is the strategic investment arm of the Singapore Economic Development Board (EDB), operating as a division under SG Growth Capital. We focus on high-growth technologies and innovators across the Information & Communication Technology, Emerging Technology, and Healthcare sectors, with the aim of creating long-term value and enhancing the capabilities of Singapore’s key industries. We partner with companies poised for expansion in Asia and beyond, using a targeted value creation approach and leveraging our extensive network. We collaborate closely with these companies to identify growth opportunities, develop strategic roadmaps, and facilitate access to essential resources for success in and through Singapore.
Digital Family Office for Accredited Investors Arta Finance to Launch in Singapore, Provides Investors with Access to Alternative Investments & Can Choose Performance-Based Pricing, Raised $90 Million from Investors Including Peak XV, Ribbit, Coatue & ex-Google CEO Eric Schmidt, ex-President of SoftBank Nikesh Arora & Mastercard CEO Michael Miebach
19th July 2024 – Digital family office for accredited investors Arta Finance has received approval to launch in Singapore, providing investors with access to alternative investments and can choose performance-based pricing. Arta Finance has raised $90 million from investors including Peak XV, Ribbit, Coatue & ex-Google CEO Eric Schmidt, ex-President of SoftBank Nikesh Arora & Mastercard CEO Michael Miebach. Arta Finance (18/7/24): “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. 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. Arta Finance plans to formally open its platform to Accredited Investors in Singapore later this year.”
Caesar Sengupta, CEO & Co-Founder of Arta Finance: “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. 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.”
Eric Schmidt, Co-Founder of Schmidt Futures & Former CEO & Chairman of Google: “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.”
Arta members can:
- Access alternative investments like private equity. Arta opens up investment opportunities like private equity, venture capital, private debt, and real estate to people who would typically not have access. Arta is starting with funds from top-10 fund managers, like KKR and TPG, who have consistently delivered high returns over the last several decades. Members can start investments as low as S$10,000.
- Create their own personalized investing game plan using AI. Arta leverages the power of AI to create highly personalized, automated portfolios using publicly traded securities. Arta’s technology also enables direct indexing, with a personalization level that can be essential for investors looking to manage risk and heavy concentrations in employer stock. All while keeping fees low and transparent.
- Invest with confidence. Security is a key focus for the Arta team, who have applied multiple decades of experience building highly secure and robust products at companies like Google. Arta Finance runs on the Google Cloud Platform, utilizes the highest grades of public key encryption, and employs biometric and hardware-based authentication, ensuring members have a safe yet simple experience of using Arta on their phones and on the web. And Arta partners with BNY Pershing, the world’s largest custodian bank, to provide custody services.
- Align interests with performance-based fees. Arta starts with clear and transparent pricing so members know exactly how the fees work. Eligible Arta members can choose performance-based pricing to align Arta’s incentives even more tightly with their goals.
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. Arta Finance Wealth Management LLC (“Arta”) is an investment adviser registered with the Securities and Exchange Commission (“SEC”). Arta’s affiliates include Arta Finance Insurance LLC which offers insurance brokering services, and Arta Finance Club which offers tax and estate planning educational services. Clearing and custody of all securities are provided by BNY Pershing.
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