Syfe, a Singapore-headquartered digital wealth management company, today announced that it has closed its Series B funding round of SGD40 million (US$30 million) led by Valar Ventures, the US-based VC firm co-founded by Peter Thiel.
The fresh capital will be used by Syfe to expand into new markets in Asia, invest in top talent, and develop new products and services.
Launched in July 2019, Syfe is a Monetary Authority of Singapore- (MAS) licensed digital wealth manager that aims to help people make smarter financial decisions. It enables users to create personalised and professionally managed portfolios with simple steps. Clients get access to Syfe’s wealth advisors and an intuitive investing experience that it claims is low cost and hassle-free.
