StashAway managed to raise another USD $5.3 million in their Series A funding round recently – Singapore’s StashAway raises US$5.3M Series A funding round, will launch in new markets. This brings their total funding to SGD $11.1 million which is definitely an excellent piece of news.

One of the main concern we all have is the possibility of the robo advisors going bankrupt/closing down which can be a showstopper preventing one from investing through them. Let’s admit it, Singapore is a small market, hence the cost of investing through robo advisors are more expensive as compared to the United States or Europe. Expanding to other markets/countries will be beneficial in the long run. We all have a 50% chance of getting SGD $X in the Yth years so StashAway has to be profitable/operating till then.

We have decided to invest more money (from $500 to $1,000 monthly) through StashAway and I blogged …