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

0
745

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

Спонсоры
Поиск
Спонсоры
Категории
Больше
Food
Lemon Streusel Muffins
These lemon streusel muffins are slightly sweeter than your regular muffin, but more dense than a...
От Recipes 2025-02-12 05:33:47 0 6Кб
Networking
Financial Inclusion in Asia Projected to Reach 80% by 2030 – analysts
The analysts have developed an index of financial accessibility in Asia and made a forecast based...
От Ifvex 2025-04-30 09:56:52 0 2Кб
Networking
Largest Philippine fintech company GCash said to pick banks for IPO
GCash, the largest fintech platform in the Philippines, has picked banks to work on an initial...
От Ifvex 2025-01-10 12:22:47 0 7Кб
Networking
Vietnam’s Bien Hoa Consumer secures funding from UOBVM for clean and green product expansion
Bien Hoa Consumer Joint Stock Company (BHC), a core subsidiary of TTC AgriS, has officially...
От Ifvex 2025-05-13 16:53:07 0 2Кб
Crafts
Google.org expands AI Opportunity Fund in Asia Pacific by $12M
Google.org has on Monday announced the expansion of the its AI Opportunity Fund by $12 million,...
От Ifvex 2025-05-05 14:57:57 0 2Кб
Ifvex https://ifvex.com