In August 2024, Hong Kong's Prestige Wealth Inc. announced a $4.5M acquisition of Singapore-based AI-driven wealth management firm, Wealth AI, for AI tech expansion.

Prestige Wealth Inc., a Hong Kong-based investment firm, announced in August 2024 a $4.5M acquisition of Wealth AI, an AI-driven wealth management company based in Singapore. The deal, expected to close in Q4 2024, involves $3M cash and $1.5M in shares, with key Wealth AI employees retained. This acquisition aims to bolster Prestige Wealth's AI capabilities and develop advanced AI-driven solutions for clients.

August 23, 2024
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