Arta Finance, a digital family office that’s headquartered in Singapore and the US, says it has received its capital markets services licence from the Monetary Authority of Singapore (MAS) on July 18.
Upon approval, the group plans to launch its platform for Singapore residents and other investing through Singapore later this year.
This comes on the back of an extensive expansion plan for Arta’s product offering and team of industry leaders, alongside its exit from stealth in 2022 with more than $120 million from Peak XV (formerly Sequoia Capital India & SEA), Ribbit and Coatue and over 140 tech and finance names including Eric Schmidt, the former CEO of Google.
“At Arta, we aim to democratise 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,” says Caesar Sengupta, CEO and co-founder of Arta Finance.
Arta provides financial services aiming to unlock 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.
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As of now, Arta utilises technology to open access to alternative assets, unlock liquidity through lines of credit for eligible members, and harnesses artificial intelligence (AI) to enable intelligent investing in public markets.
Members also receive access to Arta’s ecosystem of financial and lifestyle professionals who help them protect and enjoy their wealth.
The company does this while eliminating administrative overheads, conflicts of interest, clunky user interfaces, and exorbitant fees often faced by people looking for financial advice.
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Arta Finance currently provides various services to its members which includes access to alternative investment opportunities such as private equity, venture capital, private debt, and real estate. It has started 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 $10,000.
Additionally, the group provides opportunities for its members to create personalised and automated investment game plans using AI through publicly traded securities.
Arta Finance also aims to help its members invest with confidence through its focus on security. The group currently runs on the Google Cloud Platform, utilises 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.
“Combining advanced financial strategies with AI is the type of visionary thinking that brings about real step-function change,” adds Eric Schmidt, co-founder of Schmidt Futures and Former CEO and chairman of Google.
