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The Business Station
Stashaway - Growing AUM Rapidly, But Will It Be Profitable?
25 mins·08:05, 24 Mar 2021
Stashaway - Growing AUM Rapidly, But Will It Be Profitable?
25 mins
·
08:05, 24 Mar 2021
·
Recommended
Stashaway hit an AUM of $1 billion much faster than US-based roboadvisor pioneers Wealthfront and Betterment. While impressive, this won't mean much if it can't turn a profit.
Roshan Kanesan speaks to Stashaway CEO and Co-Founder Michele Ferrario to discuss the path to profitability, whether they can mirror Betterment and Wealthfront growth rates (which now have around $21 billion in AUM), IPO plans, possible partnerships, what competitors keep Michele up at night, and more.
Background Photo Credit: Shutterstock.com
Michele Photo Credit: Stasahaway
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
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