Syfe Raises $80M Series C for Singapore, Hong Kong, Australia Expansion

Singapore-based digital wealth platform Syfe has successfully closed its Series C funding round, raising $80 million and bringing its total funding to $132 million. The round, led by two UK family offices and supported by returning investors Unbound and Valar, included a $53 million all-equity tranche at a significantly increased valuation. Syfe recently acquired Australian investment platform Selfwealth, expanding its presence and user base in Australia, and now manages assets exceeding $10 billion. The company aims to use the funds to accelerate regional expansion across Singapore, Hong Kong, and Australia, focusing on product innovation, customer experience, automation, and AI tools. Syfe CEO Dhruv Arora highlighted the growing mass affluent segment in these markets, which represents nearly half of all adults with investable assets between a few hundred thousand and a few million dollars. The firm has also made strategic hires, including former BlackRock managing director Sanjeev Malik and marketing VP Dane Ricketts, to support its growth ambitions.