Have money but don’t know what to do? Call DrWealth

It creates Asia’s first online financial planning platform for the masses.

Realizing the lack of cost effective and high-quality financial planning and tracking solutions for the masses in Singapore, three men in their 30s founded DrWealth.com. The online financial planning platform, which started its operation in October 2013, bills itself as the first in Asia to provide full fledged financial tools based on Certified Financial Planning standards. The tools allows users to assess their own financial health and provides recommendations on how to achieve their financial goals.

According to Calvin Yeo, Dr Wealth’s CEO, the platform covers areas such as net worth, income statement, financial health assessment, investments, retirement planning, insurance and more.

“There is also generally a lack of personal financial knowledge among Singaporeans. Many financial planners are in fact insurance agents or bank sales representatives who get commission from selling products, which in the end may not even be aligned with the needs of the customers. While there are independent financial advisers who are fee based, they are costly to hire and generally only available to the high net worth,” said Calvin.

With $150,000 total funding at hand, Calvin shared that they plan to build a mobile app to enable people to use Dr Wealth platform on the go. They also intend to boost the investments module further by allowing automatic tracking of stock transactions. Another section they intend to build is automatic expenses and income tracking.

The Founders

Calvin Yeo, 32, is the CEO of Dr Wealth. He is also a Certified Financial Analyst and Certified Financial Planner.

Calvin worked as an Investment Banker in Canadian Imperial Bank of Commerce in New York where he analysed, structured and executed mergers and acquisitions as well as leveraged buyouts (LBO) with total deal sizes exceeding US$2 billion.

Lim Der Shing, 38, investor and director of Dr Wealth. He is the CEO and founder of JobsCentral Group. In 2011, he negotiated the sale of JobsCentral to CareerBuilder in the largest digital media deal that year. An active angel investor in other digital media startups. His experience covers all the topics required to startup, build and scale an internet business in South East Asia.

Ryan Ho, 38, is Dr Wealth’s chief technology officer. In technical leadership, he has an over 14 years experience. Ryan's key achievements include the development of a business intelligence system deployed into billion-dollar companies, online game platforms powering international award winning games with properties such as Star Wars and Street Fighter, and an online portal with more than a million users.

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COMPANY PROFILE

Name of the Company: Dr Wealth
Founders: Calvin Yeo, Lim Der Shing and Ryan Ho
Website: https://drwealth.com/
Total Funding at hand: $150,000
Source of Funding: Self-funded
Start of Operation: October 2013

For startups wanting to be featured, send your message to Lee Anne Babierra at [email protected]

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