May 13, 2024Comments are off for this post.

Where should you park your cash?

What is the fastest way to save more money for fresh graduates who have just started their careers? In the latest episode of CNA's Money Mind, The Simple Sum's Head of Editorial Angela Teng shares her top tips to stay on track toward one's savings goal, and how having a roadmap is important to ensure success.

Watch the full interview in the link here.

March 4, 2024Comments are off for this post.

How To Stop Fighting About Money

Finances are one of the most common sources of tension in relationships, and a seemingly small issue could become a significant source of stress over time if not addressed properly.

The Simple Sum's Editorial Director Angela Teng and her husband speak to The Business Times' Kim Siang Lee on how they resolve issues around money and maintain a healthy, honest relationship in this episode of BT Money Hacks.

Listen to the full podcast here.

February 9, 2024Comments are off for this post.

Golden Equator Group to focus on asset growth, building inter-generational ties

Golden Equator Group has refreshed its business structure, putting a renewed focus on building linkages between the older and younger generations of wealth owners.

It aims to grow its assets under management (AUM) to US$1 billion over the next couple of years, from the current “integrated” asset size of US$600 million, which includes wealth assets and private capital funds.

Golden Equator Group has two main business pillars – capital and community. Most of the AUM sits in the capital segment, comprising the multi-family-office (MFO) service under Golden Equator Wealth, and private capital funds under Golden Equator Capital.

To beef up the MFO business, the firm roped in two finance veterans last year. Formerly with Credit Suisse, Rai Rummaan Kharal joined as a managing partner of wealth and capital, and Haroon Tufail as an executive director. They are part of a plan to grow the team of family office advisers.

Says Golden Equator founder and Group CEO Shirley Crystal Chua: “With more senior family office advisers on board, they bring strong in-market and regional experience, and, where it makes sense, they will explore the possibility of establishing our presence in other markets.”

To read the full article, click here.

November 7, 2023Comments are off for this post.

Golden Equator Wealth fuels growth with Dubai entry

Golden Equator Wealth (GEW) is aiming to grow its assets under management (AUM) by another $1 billion, according to founder Shirley Crystal Chua in a conversation with

The multi-family office (MFO) specified no timeline for achieving this goal but noted that growth would be driven by its home market in Singapore as well as a planned 2024 entry into a second market: Dubai.

Read the full interview in the link here.

September 21, 2023Comments are off for this post.

Singapore wealth management players unfazed by money laundering probe

Wealth management industry players said the recent probe into a money laundering ring should be viewed in a positive light, and should enhance Singapore’s position as a hub for the region’s richest.

Authorities in August conducted several simultaneous raids and seized the assets of 10 individuals, who have been charged for alleged forgery, money laundering and/or resisting lawful apprehension. The value of the assets seized has since grown to S$2.4 billion, making this the largest anti-money laundering operation in Singapore’s history.

Some players flagged a risk that the crackdown would spur the implementation of measures that are even more stringent.

Such moves could put off clients who prioritise both security and efficiency in transactions, said Shirley Crystal Chua, founder and group chief executive of multi-family office Golden Equator Wealth. "Overly stringent measures may slow down the opening of accounts and result in additional barriers to overseas funds", she added.

Read the full article here.

September 5, 2023Comments are off for this post.

The Simple Sum clinches ToGoTo prize at SGX Orb Awards 2023

The media landscape has evolved, with the proliferation of social media and mobile technology giving voice – and the power to influence those seeking information – to a new generation of content producers. It is against this backdrop of change and transition that the SGX Orb Awards seeks to recognise excellence in financial news and content.

Now in its sixth edition, this year’s special category accepted entries only from next-generation investors – students from around the world with an interest in the financial markets – challenging them to imagine the future of finance and Asia’s role in it.

The winners of five categories were unveiled at SGX Group’s annual Media Appreciation Night, which was held on 5 September 2023 evening.

The Simple Sum took home TheGoTo prize, the award for the best digital platform that enhances financial education.

To view the full list of winners, click here.

August 18, 2023Comments are off for this post.

KOSME K-Unicorn AcademyProgram: Startups Engage with Online Mentors from Singapore 

Fifty Korean startups chosen for the KOSME K-Unicorn Academy organized by Korea SMEs & Startups Agency (KOSME), are engaging in valuable online mentorship sessions led by international venture capitalists and investment experts. On July 27, August 3 and August 10, the startup founders delved into Singapore-focused sessions guided by Eugene Noh, Deputy Director of NUS Enterprise, and Cindy Teoh, Investor at Micdrop Capital.

On August 10, Andrew Kim, CEO & Founder of Fynd, recruiting & talent management platform for startups and companies, talked to the participants about his company and the recruitment processes for startups and the importance of talent acquisition. In the next session, Jean Yeow, Associate Director from Golden Equator Capital, gave insights on IR Deck pitches by startup founders as they met for one-on-one sessions.

Click here to read the full article.

August 8, 2023Comments are off for this post.

Is it time to ditch the $10 latte? How to prepare for retirement in Singapore amidst rising costs

We get it: retirement planning doesn’t sound like much fun. But just because you’re still young and agile doesn’t mean you can’t (or shouldn’t) prepare for your future. Plus, planning for your golden years isn’t an easy, one-off exercise. You’ll have to assess and adjust your plans continually.

Seow Kai Lun, managing editor of The Simple Sum, an online platform that delivers easy-to-understand and entertaining personal finance tips, suggests drawing up a projected retirement expenses plan. It should include daily expenditures such as meals and housing, healthcare costs, emergency funds, and your retirement lifestyle.

Read the full article here.

May 29, 2023Comments are off for this post.

Get money tips on TikTok? These influencers make understanding finance fun

Let’s face it, financial concepts can be awfully boring for many people, but there is a wealth of online sites that break down the jargon and dry stuff into short, entertaining snippets of information. Influencers, bloggers and financial education sites have gained wide appeal, with some boasting tens of thousands of followers. Their reach means they can shape opinions and drive investment decisions. The Straits Times learns what motivates them and how they ensure that they dispense financial advice responsibly.

The Simple Sum, a personal finance content portal with 300,000 followers on Instagram, uses comics to demystify financial planning, budgeting and life for people between 18 and 35 years old, says founder Shirley Crystal Chua.

To read the full article, click here.

May 16, 2023Comments are off for this post.

Jenfi raises more funding for its “growth capital as a service” platform

Jenfi, a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in as little as a day. The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. Participation came from returning investor Monk’s Hill Ventures, which led Jenfi’s Series A two years ago, ICU Ventures, Granite Oak, Korea Investment Partners & Golden Equator Capital and Atlas Ventures.

Read the full article here.


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