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Singapore-based digital wealth management start-up StashAway has raised $12 million in its second round of funding, aka Series B funding, led by Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd.

According to its website, StashAway, which started in business two years ago, is "the intelligent wealth management platform that is designed to build and protect your wealth, whether that is $1,000 or $10,000,000".

Another investor was Asia Capital & Advisors, the firm said in a statement.

StashAway was founded in 2016 in Singapore by Ferrario, former ZALORA Group CEO; Freddy Lim, former MD and global head of derivatives strategy at Nomura; and Nino Ulsamer (CTO), a serial tech entrepreneur.