Syfe Secures Additional $27 Million in Funding to Fuel Growth Across Asia
Singapore-based Syfe, a leading saving and investment platform, has announced a significant funding injection of $27 million (Rs 226 crore) from prominent investors, including Valar Ventures, Unbound, and two UK family offices.
Key Highlights
- This fresh funding brings Syfe’s total raised to $79 million, solidifying its position as a major player in the digital wealth management space.
- The company has enrolled customers from 60 countries, indicating its growing global presence.
- Syfe aims to expand its operations across Asia, introducing new products and innovations to cater to diverse customer needs.
- The firm will allocate a significant portion of the funds to enhance its engineering and product capacities, bolstering its tech infrastructure in Gurugram.
Platform Details
Syfe offers a range of services catering to individual wealth management, including diversified portfolios, cash management, and brokerage services. Led by Dhruv Arora, the company has made significant strides in the region, particularly in Singapore, where it manages multiple billion dollars in assets.
With over 5% of adult citizens using the platform to achieve their financial objectives, Syfe’s local presence is substantial.
