- Syfe raises $27M in Series C funding.
- Singapore-based wealth app expands across Asia Pacific.
- Institutional-grade investments now accessible to retail investors.
Singapore-based investment platform Syfe has nabbed a $27 million Series C funding round to accelerate its growth in Singapore, Hong Kong, and Australia.
Syfe aims to tackle the region’s high cash holdings, estimated at 40-45% of personal financial assets in 2023.
Syfe’s smartphone app offers a variety of investment products, making wealth management more accessible to retail investors across over 40 countries.
From suit and tie to fintech rockstar
Founded in 2017 by former UBS investment banker Dhruv Arora, Syfe has amassed over 100,000 users by offering easy access to products typically unavailable through traditional banks or investment platforms.
The app provides managed portfolios, fractional investing, cash management solutions, and a brokerage platform.
Syfe partners with financial giants like Blackrock, Pimco, and Vanguard to bring institutional-grade products to retail investors without minimum deposit requirements.
Ka-ching! profits and plans
Syfe’s strategy has paid off, reaching profitability in Singapore and doubling its average client’s assets since 2023.
The latest funding round, supported by U.K.-based family offices and returning investors Valar Ventures and Unbound, brings Syfe’s total raised to $79 million.
The company plans to invest in product development, enhance user experience, and explore strategic investments or acquisitions to further its mission of helping customers grow their wealth.
