Prime Highlights :
- Ferrario said StashAway had turned profitable on an after-tax basis in Singapore, with an 18% EBITDA margin in the first half of 2026, up from negative 8% a year earlier.
- Ferrario said high-net-worth investors were the company’s fastest-growing customer segment, with many holding between USD2 million and USD10 million on the platform.
Key Facts :
- StashAway is a Singapore-based digital wealth platform that also operates in Malaysia, Hong Kong, Thailand and the United Arab Emirates.
- The company cut about 20 jobs, roughly 10% of its workforce, concentrated in its Kuala Lumpur office in recent weeks.
Background :
Singapore-based digital wealth platform StashAway said its group net revenue rose 42% year-on-year to SGD11.5 million, or about USD9 million, in the first half of 2026, driven by new products and platform features.
Chief Executive Michele Ferrario shared the previously undisclosed figures in a recent interview. According to the company’s 2025 financial filings, revenue had grown 25% year-on-year to USD13.1 million, while its pre-tax loss widened 39% to USD11.7 million, which Ferrario attributed partly to investment in product development, marketing and customer experience improvements.
Ferrario said StashAway had been EBITDA-positive in Singapore for a second straight year in 2025 and had turned profitable on an after-tax basis in that market. In the first half of 2026, the Singapore business posted an 18% EBITDA margin, compared with a negative 8% a year earlier. The company had raised USD12.5 million in early 2025 from existing institutional investors and a new family office backer to support product innovation and marketing.
Recent growth was driven by new offerings, including a programme launched in April that gives investors an extra 0.15% annual return on cash for regular investing. Since 2025, StashAway has also introduced a hedge fund for accredited investors and a dedicated ETF platform. Ferrario said high-net-worth investors had become its fastest-growing customer segment, with many clients holding between USD2 million and USD10 million on the platform.
The company confirmed it cut about 20 jobs, roughly 10% of its workforce, in its Kuala Lumpur office in recent weeks, affecting product and engineering teams. Ferrario said the reductions reflected shifting staffing needs for upcoming priorities. StashAway plans to expand AI-driven personalisation, including AI-generated portfolio reports for investors.
