Syfe raises US$53 million in expanded Series C funding round
[SINGAPORE] Wealth platform Syfe announced on Thursday (Jun 5) that it has raised US$53 million in an expanded Series C funding round.
This latest round was a pure equity raise. It adds to the US$27 million secured in August 2024.
Two UK family offices led the expanded Series C round, with existing investors Unbound and Valar participating in the round.
The funding will be used to power Syfe's regional expansion, and make strategic hires. Recent additions to the company include Sanjeev Malik, former managing director at BlackRock.
The wealth platform will also focus on automation and artificial intelligence-assisted tools to enhance efficiency for both clients and operations.
'This capital will be used to scale our reach and strengthen our leadership position across Singapore, Hong Kong and Australia,' said Dhruv Arora, founder and chief executive officer of Syfe.
Syfe's total assets under management has crossed US$10 billion, with its acquisition of Australian investing platform Selfwealth recently completed in May.
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