Singapore fintech Arki Finance secures a Capital Markets Services licence from MAS to launch its mass affluent wealth platform.
Singapore-based wealth management fintech Arki Finance secured its Capital Markets Services licence from the Monetary Authority of Singapore (MAS). This regulatory approval allows the company to provide retail fund management, including investment advisory and portfolio management services, ahead of its public platform launch.
The licence establishes critical regulatory credibility and consumer protection within Asia’s leading financial hub. It positions the early-stage startup to compete directly for customer trust against traditional, deeply entrenched Singaporean banking and insurance institutions.
The platform addresses a market gap where mass affluent investors face limited options, such as low-yield bank deposits, opaque insurance savings products, or exclusive private banking tiers. Arki Finance solves this by offering retail clients institutional-grade portfolio construction via an accessible digital app.
The company’s platform organises investments into a three-bucket framework consisting of Cash, Income, and Growth portfolios. It plans to roll out these offerings sequentially over the coming months, beginning with its high-rate cash income product.
The strategy and governance will be overseen by a newly appointed Board of Directors chaired by Esmond Choo, alongside a Board of Advisors featuring veteran executives from Lion Global Investors, BlackRock, and Visa.
David Ng, CEO and Co-Founder at Arki Finance: “Securing this licence is a statement of intent, and being joined on the journey by Esmond, Gerard, Rimmo, Justin, and Michael is a powerful endorsement of our direction.”
Esmond Choo, Chair, Board of Directors at Arki Finance: “I am proud to back this team for its clarity of purpose, discipline and alignment with client outcomes.”
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