Mesitis Pte Ltd, a Singapore-based wealth technology company, raised US$ 2.35m (SG$ 3.2m) in venture capital funding.
This round was led by an existing investor with participation from two senior members of the Mesitis management team.
The company intends to use the funds to invest in people and technology.
Led by Tanmai Sharma, founder and CEO, Mesitis provides Canopy, an account aggregation and portfolio visualization product, which comes out of closed beta in the third quarter of the year.
Canopy, which aggregates financial data across all banks, markets, currencies and asset classes for an individual into a single portfolio, has more than US$ 3.2 billion of assets under reporting. Customers includes high net worth individuals, wealth managers and family offices based in Singapore, Hong Kong, Switzerland and the United Kingdom.
In addition to the funding, Mesitis has also announced that Chandrima Das – former Managing Director and Head of Managed Products Sales at Bank of Singapore – will run its technology-led investment and wealth advisory business. The company’s subsidiary Mesitis Capital Pte Ltd is a fund management company registered with the Monetary Authority of Singapore.