Singapore’s Syfe raises $80M Series C for regional expansion

0
740

Singapore digital investment platform Syfe has announced the successful close of its Series C funding round of $80 million.

The firm said in a statement on Thursday that this includes a new all equity C2 of $53 million at a significantly increased valuation and adds to the C1 raise of $27 million in August 2024, underscoring its strong business performance and growing investor confidence in its mission to redefine wealth management across Asia-Pacific.

This latest round brings Syfe’s total funding to date to $132 million and follows the recent strategic acquisition of Selfwealth, one of Australia’s most established and trusted online investment platforms.

With this acquisition, Syfe has significantly increased its presence and user base in Australia.

The Series C was led by two UK family offices, and supported by returning investors Unbound and Valar, signaling global confidence in Syfe’s business model and the long-term growth potential of the Asia-Pacific wealth management sector.

Syfe highlighted that at a time when capital is highly selective – the first quarter of 2025 marked the region’s lowest funding quarter since 2014 – such international investment is a strong endorsement of the region’s emerging mass affluent segment and the opportunity to deliver differentiated, tech-driven wealth solutions.

“This fund raise comes at an exciting time as we grow our presence across the region and expand our offerings,

“In our markets of Singapore, Hong Kong and Australia, nearly half of all adults are in the ‘mass affluent’ segment, meaning those who have between a few hundred to a few million dollars in investable assets, and this segment is growing fast,” said Dhruv Arora, Founder and Chief Executive Officer of Syfe.

“As a platform built in the region, for the region, we have a deep understanding of what these investors need,

“We’re in a great position to serve them with personalized, accessible, and high-quality wealth management at scale,” he added.

According to the statement, Syfe’s business has grown significantly in the last 18 months with total assets now well over $10 billion.

In Hong Kong alone, the business has doubled in size since the start of 2025.

Syfe is prioritizing automation and the adoption of artificial intelligence (AI)-assisted tools to enhance efficiency for both clients and internal operations.

In parallel, the company is making selective, strategic hires to strengthen key capabilities.

Notable recent additions include Sanjeev Malik, former Managing Director at BlackRock for 18 years; and Dane Ricketts, Syfe’s new Vice Presdient of Marketing, who brings extensive global experience from senior roles at Procter & Gamble and Grab, with a focus on consumer and growth marketing.

“Syfe’s core business has nearly doubled in the last year, and now expands further with the addition of Selfwealth to the Syfe family,” added Arora.

“This capital will be used to scale our reach and strengthen our leadership position across Singapore, Hong Kong and Australia,

“We’ll continue investing in innovation, enhancing the customer experience, and expanding our product suite to meet the evolving needs of investors – empowering more people to take control of their financial future,” he added.


#WealthTech #SeriesCFunding #DigitalInvesting #AsiaPacificGrowth #AIinFinance

إعلان مُمول
البحث
إعلان مُمول
الأقسام
إقرأ المزيد
Health
Life Science Incubator unveils Singapore’s largest co-working laboratory at Elementum
Life Science Incubator (LSI) has officially launched the largest co-working laboratory in...
بواسطة Ifvex 2025-02-12 04:27:14 0 6كيلو بايت
Networking
Backbase partners Synpulse to accelerate banking transformation across APAC
Global fintech firm Backbase has announced a strategic partnership with financial services...
بواسطة Ifvex 2025-03-16 03:19:16 0 5كيلو بايت
Networking
TrueMoney Malaysia launches international remittance services for businesses and e-wallet users to send money overseas
TrueMoney Malaysia, part of the region-leading Ascend Money financial platform, has on Tuesday...
بواسطة Ifvex 2025-04-08 13:52:05 0 4كيلو بايت
Networking
AirAsia MOVE’s monthly active users and number of transactions up quarter on quarter in fourth quarter 2024
Malaysia-based Capital A’s online travel agent (OTA) platform AirAsia MOVE has achieved...
بواسطة Ifvex 2025-02-15 15:09:20 0 7كيلو بايت
Shopping
Singapore’s AnyMind completes acquisition of e-gifting company AnyReach
AnyMind Group, a business process as a service (BPaaS) company for marketing, e-commerce and...
بواسطة Ifvex 2025-04-01 06:30:38 0 4كيلو بايت
Ifvex https://ifvex.com