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Hong Kong robo-advisor owner Aqumon lands $ 30 million backed by Alibaba


Magnum Research, the owner of Hong Kong-based digital wealth management platform Aqumon, landed $ 30 million (HKD 233 million) in a Series C round.

Aqumon offers B2C and B2B solutions

The company, which is backed by Chinese e-commerce giant Alibaba, claims it will be the “largest financing deal” in Asia for any digital wealth management player in 2020.

Singapore-based robo-advisors StashAway and Syfe have closed fewer funding rounds than Magnum in recent months. StashAway landed $ 16 million …



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