Syfe Secures $27M in Series C Funding to Expand Across Asia

Singapore-based investment platform Syfe has raised $27 million in a Series C funding round led by two U.K.-based family offices and supported by existing investors, including Valar Ventures and Unbound, marking another milestone in the WealthTech sector.

This latest capital injection boosts Syfe’s total funding to $79 million, positioning the company for significant growth.

Syfe’s CEO and founder, Dhruv Arora, a former investment banker with UBS in Hong Kong, highlighted, “Many people had tried traditional wealth managers, but the advice they were being given was always limited to the investment products that institution offered.

“Even if there were better products on the market, the wealth manager could not offer them. On top of that, the fees of the traditional wealth managers are very high,” he added.

Expanding Reach and Enhancing Offerings

Founded in 2017, Syfe has rapidly carved out a niche in the WealthTech sector by democratizing access to investment products. With a user-friendly app launched in 2019, the platform now serves over 100,000 users across more than 40 countries, including Singapore, Hong Kong, and Australia. The new funds will fuel Syfe’s expansion into key markets and support the development of new products and innovations.

Syfe plans to invest heavily in its engineering and product teams, particularly at its tech headquarters in Gurugram, India, as part of its growth strategy. This expansion will enhance the platform’s ability to meet its users’ diverse wealth management needs. They will benefit from services like managed portfolios, fractional investing, and cash management.

Strategic Partnerships and Global Ambitions

Syfe partners with major financial institutions like Blackrock, Pimco, and Vanguard to offer retail investors access to institutional products without typical entry barriers. The company claims that over 5 percent of adult Singaporeans use its platform to achieve their financial goals, with billions of dollars in assets under management in Singapore alone.

Despite its global reach, the wealthtech startup’s inception and development are deeply rooted in India. The platform continues to grow its presence in Asia, leveraging its strong foundation to serve customers across the region.

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