M&A Deal Summary

Prestige Wealth Acquires Wealth AI

On August 23, 2024, Prestige Wealth acquired internet software and services company Wealth AI

Acquisition Highlights
  • This is Prestige Wealth’s 1st transaction in the Internet Software and Services sector.
  • This is Prestige Wealth’s 1st transaction in Singapore.

M&A Deal Summary
Date 2024-08-23
Target Wealth AI
Sector Internet Software and Services
Buyer(s) Prestige Wealth
Deal Type Add-on Acquisition

Target

Wealth AI

Singapore, Singapore
Wealth AI offers personalized, cost-effective wealth management solutions using artificial intelligence. Wealth AI was founded in 2022 and is based in Singapore.

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Buyer(S) 1

Buyer

Prestige Wealth

Hong Kong, China
Category Company
Sector Financial Services
DESCRIPTION

Prestige Wealth is a wealth management and asset management services provider that assists its clients in identifying and purchasing wealth management products and global asset management products. Prestige Wealth is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Singapore) 1 of 1
Year (2024) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-08 InnoSphere Tech

Virgin Islands (British)

InnoSphere Tech is a technology company that leverages its advantages in web scraping technology to collect data on finance, wealth management, and related industries according to international standards. InnoSphere Tech is based in the British Virgin Islands.

Buy $2M
Mergr

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Company

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