Singapore’s digital investment platform Syfe has raised $80 million in its latest Series C funding round.
The company said on Thursday that the $80 million includes a new $53 million equity round (called C2) with a much higher value. This adds to the $27 million it raised in August 2024 (called C1). This shows the company is doing well, and investors believe in its goal to change how people manage their money in Asia-Pacific.
With this new funding, Syfe has now raised a total of $132 million. This comes after Syfe recently bought Selfwealth, a well-known and trusted online investment platform in Australia.
By buying Selfwealth, Syfe has grown its presence and gained many more users in Australia.
The Series C funding was led by two family offices from the UK, with existing investors Unbound and Valar also taking part. This shows that people around the world believe in Syfe’s business and see strong growth potential in the Asia-Pacific wealth management market.
Syfe said that in early 2025, when investments were very hard to get (the lowest since 2014), getting money from international investors shows strong support for Asia-Pacific’s growing group of wealthy people. It also shows the chance to offer new, technology-based wealth management services.
“This fundraise 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 a lot in the past 18 months, with total assets now exceeding $10 billion.
In Hong Kong, the business has grown twice as much since the beginning of 2025.
Syfe is focusing on using automation and AI tools to make things work faster and better for both its clients and the company itself.
Some important new team members are Sanjeev Malik, who worked at BlackRock as Managing Director for 18 years, and Dane Ricketts, Syfe’s new Vice President of Marketing. Dane has lots of experience with big companies like Procter & Gamble and Grab, especially in marketing and growing businesses.
“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.
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