Kristal, an AI-powered digital wealth management platform based in the Middle East and Singapore, today announced the launch of its $25–$30 million Series B fundraising round, with a potential secondary of an additional $15–20 million, as it capitalizes on record growth and strategic market penetration. The capital injection, advised by Ambit Private, will accelerate expansion in India, MEA, and Southeast Asia while advancing proprietary agentic AI technology critical to its hybrid advisory mode.
Series B Strategic Priorities
Proceeds will drive three core initiatives:
- Scaling India Operations: Expanding discretionary asset management and B2B2C partnerships to capture India’s booming mass affluent segment, projected to contribute 40–45% of revenues by 2030.
- Middle East–India Corridor: Strengthening Abu Dhabi’s ADGM foothold and launching structured products to serve cross-border wealth flows, leveraging recent regulatory approvals.
- AI-Driven Platform Enhancements: Deploying capital toward agentic AI systems that further develop predictive analytics, natural language portfolio queries and advanced risk management algorithms to personalize portfolio management for clients with $100K–$5M in assets
At the core of Kristal's growth is its proprietary agentic AI platform that transforms wealth management for both clients and relationship managers:
- For Clients: AI agents provide 24/7 portfolio monitoring, automatic rebalancing based on market conditions and risk profiles, and personalized investment recommendations previously available only to ultra-high-net-worth individuals. The AI continuously analyzes market data and client behavior to optimize investment outcomes in the $100K–$5M segment.
- For Relationship Managers: AI-enhanced tools increase RM productivity, while improving client satisfaction. The system automatically identifies client needs, optimizes engagement timing, and provides data-driven investment insights, allowing RMs to focus on high-value relationship building rather than administrative tasks.
Investor Targeting and Timeline
Kristal aims to secure 10–20% equity dilution from growth-stage VCs, PE firms, and family offices aligned with its Asia-centric strategy. Geographic focus prioritizes investors in India, the Middle East, and Southeast Asia, reflecting markets where the firm has achieved 60% YoY revenue growth and $2B+ AUM. The round is slated to close by Q3 2025, with an IPO potential in 4–5 years across Singapore, NASDAQ, or Indian exchanges.
Leadership Commentary
“This fundraise isn’t just about capital—it’s about partnering with visionaries who recognize the wealth management opportunity in Asia and MEA,” said Asheesh Chanda, founder and Global CIO of Kristal. “Our B2B2C model, now 55% of revenue, proves that institutional-grade investing can be democratized. With EBITDA breakeven achieved and PBT targets in sight, we’re poised to redefine private banking for the digital age.”
Growth Metrics Driving Investor Confidence
- $2B+ AUM (2024), doubling since 2022.
- 55% revenue from B2B2C partnerships with banks, brokers, and wealth advisors.
- Regulatory licenses including MAS (Singapore), SFC (Hong Kong), SEBI (India), and ADGM (UAE).
- 4,000+ global products, including crypto, private markets, and structured notes.
Forward-Looking Vision
Post-funding Kristal will deepen collaborations with financial institutions and explore M&A opportunities in the Middle East. The firm targets $100–125M annual revenue by IPO, aligning with Asia’s projected 9.4% CAGR in wealth management.
