Arta and Co-Axis focus on philanthropy by unlocking the potential of impact projects

In recent years, philanthropy and impact projects amongst businesses have been a constant issue, particularly the increasing shift to more investment and funding approaches for global impact projects.

This, in turn, has allowed Arta to tap into the rapidly changing landscape with a focus on helping its clients, including high and ultra-high-net-worth individuals and family offices, redefine business success while giving back to stakeholders and communities. 

Founded by former Google executives, the US-based digital wealth platform provides access to private market investments from elite fund managers, intelligent public market portfolios, and sophisticated financial services such as tax and estate planning.

In addition, it has partnered with Co-Axis, a digital impact marketplace under the Temasek Trust Initiative, in connecting more than 100 impact projects from over 40 countries with funders with a target of US$30 million for impact projects over the next two years.

Leveraging Arta's client base would enable Co-Axis to expand the reach of its impact projects, which are also aligned with the United Nations (UN) Sustainable Development Goals.

Empowering industry partners through networks

As awareness of philanthropy continues to rise, investment and funding approaches for Global Impact Projects are also increasing, especially those that harness networks, resources, and insights.

For instance, Arta clients can access all impact opportunities on the Co-Axis platform. This would enable them to access opportunities involving charitable contributions and debt and equity instruments, allowing a more comprehensive range of impact investment strategies and approaches. 

In addition, Co-Axis will collaborate with Arta to conduct webinars and other engagement activities for the Arta community. These activities aim to build knowledge and capacity in philanthropy and impact through Co-Axis' extensive network of partners.

"As Co-Axis continues to expand, Arta's private wealth platform will play a key role in amplifying its reach," said Ms Amanda Ong, Country Director for Singapore, Arta Finance. "This would ensure that our members have the opportunity to be part of this growing ecosystem and contribute to a more sustainable and equitable future."

She also shared that Asia's unique demographic and economic dynamics present a significant opportunity for delivering impact at scale, as it is home to some of the most innovative solutions.

The Future of Philanthropy

Businesses' philanthropy has been growing over the past few years, encouraged by government efforts, and many more initiatives are being adopted by businesses and enterprises.

For instance, Singapore recently climbed 19 places to become the third most generous country while recording its highest-ever scores for donations and philanthropy and achieving the most significant volunteer increase in 2023.

In addition, recent initiatives to bolster philanthropy, such as the Corporate Volunteer Scheme, encourage deeper partnerships between charities and businesses through tax relief on employee volunteerism.

Building on the momentum, Arta aims to engage its global network to support impactful projects that reflect its values and aspirations. Through the partnership, Arta will strengthen Co-Axis' platform capabilities by supporting its technology development.