StashAway Referral Programme
Hi! I’m using StashAway to invest. Sign up with the referral link to get free investing on $10,000 SGD for up to 6 months. You can start with any amount, and the app is simple to use. Feel free to try it out!
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About StashAway
StashAway is a digital wealth management platform that invests your money in low-cost, risk-managed portfolios of ETFs.
It was founded in Singapore, and is now present in Thailand, Hong Kong, Malaysia, and MENA.
As of 2023, the team has more than 180 people representing more than 25 nationalities in 5 countries.
Accolades
Year 2023:
- The Financial Times’ Top 20 High-Growth Companies, Asia Pacific 2023
- The Straits Times Top 5 Fastest-Growing Companies in Singapore
- CNBC’s Top 200 Global FinTech Companies, 2023
Investor backing
StashAway has raised more than $61.4 million USD in fundraising over the course of 6 fundraising rounds.
Licensed by Monetary Authority of Singapore
StashAway is a brand of Asia Wealth Platform Pte Ltd (201624878Z), which is licensed by the Monetary Authority of Singapore (CMS100604).
Why StashAway?
Notable features
Investing SRS in Simple Guaranteed
With Stashaway, users can invest their monies in their SRS account in Simple Guaranteed to get guaranteed tax savings and guaranteed returns.
Experience sharing
Slow to deposit funds and get started
I feel the process to deposit funds to invest takes too long.
The current process to invest in a “StashAway Simple Guaranteed” portfolio (as of May 2024) is as follows:
- Create a deposit request to direct debit from my linked bank account.
- Stashaway will arrange to withdraw funds on the next business day.
- After StashAway receives the funds, it will send me an email like:
- We’ve received $X,000.00 SGD, for your portfolio(s). It takes 1 to 3 business days to process this, after which the money will be reflected in your account and portfolio(s).
- Wait for funds to be into portfolio first, then lock the “StashAway Simple Guaranteed” rates at specific window timings.
This tedious process takes days. I hope StashAway can streamline the process further.
SRS investment into “StashAway Simple Guaranteed”
I invest some of my SRS funds into “StashAway Simple Guaranteed”. As of May 2024, this product offers 3.75% p.a. for a 3 month lock up period which is rather decent.
Disclaimer
All investments involve risks and are not suitable for every investor. There is always the potential of losing money when you invest in securities or other financial products.
Investors should consider their investment objectives and risks carefully before investing.
Content in this article does not constitute as an invitation, inducement, recommendation, suggestion, or solicitation to investing.
Auntiehuat
Web Administrator
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