Hi Sam, thanks for doing the AMA. Does Endowus have ambitions to expand beyond Singapore?

Hi Ryan, we have receive many questions and requests on overseas expansions. Firstly, we are totally committed and well on our way to executing on the many different solutions and services for the Singapore market and we will always make Singapore our home market and HQ. Our uniquely Singapore solutions will always be at the heart of Endowus. Secondly, we are planning and licensing in overseas markets and we are likely to be able to launch services in 2021. We will keep you posted on the markets we are likely to enter when we have much more clarity. However, we are mindful of the costs involved and the need to create a similar unique value proposition to our clients in these markets and therefore we will only enter those markets when we feel we add value and can achieve growth and scale commensurate with our efforts. We are not going to pull VC money to splash in many other markets and spread ourselves thin or raise risks for the business in our home market of Singapore.