Singapore-based digital wealth management platform Syfe has successfully raised $80 million in its Series C funding round. This includes a fresh $53 million raised in Series C2, an all-equity round led by two UK family offices. The funding builds on $27 million from the earlier Series C1 round in August 2024. Existing investors, including Unbound and Valar Ventures, backed by Peter Thiel, also participated in this latest round.
Syfe Series C Funding
A large portion of this funding will be used to strengthen Syfe’s technology operations in India, particularly at its Gurugram tech headquarters. Since August 2024, the tech team in Gurugram has already grown by 15 percent, and further hiring is expected. Syfe is placing India at the center of its innovation strategy to accelerate product development and digital solutions.
The company will also invest the capital to grow its presence in core markets like Singapore, Hong Kong, and Australia. These regions are seeing increased demand from the mass affluent segment, which forms a significant share of the adult population. CEO and Founder Dhruv Arora said this round comes at a perfect time for Syfe, as the platform expands services and adapts to the financial needs of evolving customers.
Know About Syfe
Founded in 2019, Syfe offers services like digital wealth management, cash tools, and brokerage solutions. The company manages over $10 billion in client assets across more than 60 countries. With its platform focused on access, advice, and affordability, Syfe is quickly becoming a preferred choice for wealth management worldwide.
In a move to strengthen its regional presence, Syfe recently acquired Selfwealth, a major investment platform in Australia. It is also building a strong leadership team with key hires like Sanjeev Malik, former Managing Director at BlackRock, and Dane Ricketts, who brings experience from P&G and Grab.
Syfe is licensed in Singapore, Hong Kong, and Australia and partners with global financial leaders like BlackRock and PIMCO. The company plans to use the new capital to deepen its reach, improve its technology, and deliver better investment experiences globally. The growing Indian tech base will support this expansion with faster product innovation and customer-first strategies.
