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

0
7K

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

Sponsor
Căutare
Sponsor
Categorii
Citeste mai mult
Networking
Global AI platform Workday appoints Jess O’Reilly as new ASEAN leader
Workday, Inc., the global artificial intelligence (AI) platform for managing people, money, and...
By Ifvex 2025-04-10 05:24:40 0 10K
Food
Orange Cranberry Frosted Cookies
These delicious orange cranberry flavored cookies are soft and tender with a delicious citrus...
By Recipes 2025-04-30 04:27:02 0 14K
Networking
Solarvest, Press Metal team up to deliver $90.14M solar farm in Sarawak
Malaysia’s clean energy firm Solarvest Holdings Berhad has teamed up with aluminum producer...
By Ifvex 2025-10-03 11:57:55 0 1K
Networking
Singapore’s Venturi Partners announces first close of Fund II at $150M
Venturi Partners, a Singapore-based consumer growth fund, has announced the first close of its...
By Ifvex 2025-09-04 08:51:50 0 1K
Causes
Malaysia pushes talent development to boost chip sector
Employers have pointed out gap between academic training and industry needs in Malaysia....
By Ifvex 2025-01-10 15:43:46 0 12K
Ifvex https://ifvex.com