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

0
7KB

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

Commandité
Rechercher
Commandité
Catégories
Lire la suite
Domicile
Cocoon Capital announces first close of $50M Fund III to accelerate Southeast Asia’s enterprise and deep tech startups
Cocoon Capital, a Singapore-based early-stage venture capital firms, has announced the first...
Par Ifvex 2025-05-03 07:36:24 0 8KB
Networking
Moomoo Malaysia launches nation’s first AI-powered investment platform
Moomoo Securities Malaysia Sdn Bhd (Moomoo Malaysia) announced Thursday the launch of Moomoo AI,...
Par Ifvex 2025-06-13 04:17:13 0 6KB
Domicile
Real estate meets AI: Why property agents need to adapt before they fall behind
In an industry long defined by personal charisma, manual processes, and gut instinct, artificial...
Par Ifvex 2025-09-25 08:39:46 0 974
Networking
Opportunities or challenges? Six digital trends in the oil and gas industry
The oil and gas industry has always strived to innovate and embrace new technologies that improve...
Par Ifvex 2025-09-29 08:44:41 0 2KB
Health
Li Ka Shing Foundation, Temasek Trust jointly commit $9M to acquire systems and advance clinical trial for innovative histotripsy cancer therapy in Singapore
The Li Ka Shing Foundation (LKSF) and Temasek Trust (TT) have committed S$12 million ($8.99...
Par Ifvex 2025-04-04 13:25:54 0 11KB
Ifvex https://ifvex.com