Digital wealth manager StashAway first to win DIFC licence

SourceArabian Business
SectorFinancial Markets


ashAway, southeast Asia's largest and fastest growing digital wealth manager, is targeting growth in the Gulf and has launched in Dubai International Financial Centre (DIFC). StashAway said it is the first digital wealth manager to get an asset management licence from the Dubai Financial Services Authority (DFSA) with retail endorsement. The platform is available to local and international clients in the region and its services are offered to both retail and professional clients, the company said in a statement. Founded in 2016 in Singapore and with operations also in Malaysia and now the UAE, StashAway has users from more than 145 countries and of 174 nationalities. The company said it has seen its assets under management grow more than 4.3 times in the last 12 months, and plans to build on this momentum with more...