Singapore-based digital wealth platform Syfe has successfully closed an $80m Series C funding round, marking a significant milestone in its regional expansion efforts. The funding, which includes a $53m all-equity C2 round, was led by two UK family offices and supported by returning investors Unbound and Valar. This comes at a time when capital distribution is highly selective, highlighting strong international confidence in Syfe’s innovative approach to wealth management.
The recent acquisition of Selfwealth, a prominent Australian online investment platform, has further cemented Syfe’s status as one of the largest digital wealth platforms in Asia-Pacific, managing over $10b in assets. The capital injection will enable Syfe to enhance its offerings in key markets such as Singapore, Hong Kong, and Australia, focusing on the rapidly growing mass affluent segment.
Dhruv Arora, Syfe’s CEO and founder, stated, “This fund raise comes at an exciting time as we grow our presence across the region and expand our offerings. We’re in a great position to serve them with personalised, accessible, and high-quality wealth management at scale.”
Syfe plans to invest in automation and AI-assisted tools to improve efficiency and customer experience. The company is also making strategic hires, including Sanjeev Malik, former Managing Director at BlackRock, and Dane Ricketts, VP of Marketing, to bolster its capabilities.
With its core business nearly doubling in the past year, Syfe aims to leverage this funding to scale its reach and maintain its leadership position across the region, empowering more individuals to manage their financial futures effectively.
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