Digital investment platform Syfe, based in Singapore, has announced that its $80 million Series C funding round has closed successfully.
“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,” the company said in a statement on Thursday, highlighting its positive business performance and growing investor confidence in its mission to redefine wealth management throughout Asia-Pacific.
In addition to the recent strategic acquisition of Selfwealth, one of Australia’s most reputable and well-established online investment platforms, this most recent round of funding brings Syfe’s total funding to date to $132 million.
Through this acquisition, Syfe’s user base and presence in Australia have grown dramatically.
International confidence in Syfe’s business model and the long-term growth potential of the Asia-Pacific wealth management industry was demonstrated by the Series C, which was led by two UK family offices and backed by returning investors Unbound and Valar.
Syfe emphasized that such foreign investment is a strong endorsement of the region’s emerging mass affluent segment and the opportunity to deliver unique, tech-driven wealth solutions at a time when capital is extremely selective—the first quarter of 2025 marked the region’s lowest funding quarter since 2014.
“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.
The statement claims that Syfe’s business has expanded dramatically over the past 18 months, with total assets now well over $10 billion.
The company has doubled in size since the beginning of 2025 in Hong Kong alone.
Automation and the use of artificial intelligence (AI)-assisted tools are top priorities for Syfe in order to improve internal operations and client efficiency.
Concurrently, the business is strengthening critical capabilities through strategic, targeted hiring.
Sanjeev Malik, a former managing director at BlackRock for 18 years, and Dane Ricketts, Syfe’s new vice president of marketing, are notable recent additions. Ricketts brings a wealth of global experience from senior roles at Procter & Gamble and Grab, with a focus on growth and consumer marketing.
