Digital wealth management platform <a href="https://www.theedgesingapore.com/tags/stashaway" target="_blank">StashAway</a> has launched in Thailand, marking a new overseas market for the Singapore-based robo-adviser after Malaysia, Dubai and Hong Kong.

The platform, now available to Thailand residents, is regulated by the Securities and Exchange Commission (SEC).

"People in Thailand increasingly want to invest overseas to diversify their portfolios more effectively, but aren't able to access these investment options easily because of how complex and expensive they are. That's where StashAway can make a significant difference to people's long-term financial success. It only takes a few minutes to sign up and access globally-diversified, personalised portfolios with one transparent, all-inclusive fee,” says Tim Niranvichaiya, managing director for StashAway Asset Management (Thailand).

See also: <a href="https://www.theedgesingapore.com/news/fintech/stashaway-launches-term-life-insurance-product" target="_blank">StashAway launches term life insurance product</a>

According to central bank data, people in Thailand are increasingly investing in overseas assets. But even still, investors in Thailand remain overinvested in domestic assets compared to investors in Singapore and Hong Kong.

"StashAway saves our clients time and effort from having to research and manage their investments themselves. We bring more than 50 years of industry experience and 30,000 hours of research and stress-testing to our platform. The result is an intelligent investing framework and technology that re-optimises and rebalances each client's portfolios with extreme precision, managing risk while navigating them through any economic environment,” says Freddy Lim, co-founder and group CIO.

StashAway was founded in 2016 and currently manages more than US$1 billion ($1.34 billion) in assets. Its backers include venture capital firms Sequoia Capital India, Eight Roads Ventures, and Square Peg.

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