Singapore-based wealth tech startup Syfe has raised $27 million (Rs 226 crore) in a new funding round led by Valar Ventures and Unbound, with additional participation from two UK family offices. This latest round brings the company’s total funding to $79 million, backed by prominent global investors, including Peter Thiel’s Valar Ventures, Unbound, and partners from DST Global.
The fresh capital will be deployed to fuel Syfe’s growth across Asia, with plans to introduce new products and innovations tailored to each market. Much of the investment will also go toward expanding Syfe’s engineering and product teams at its technology headquarters in Gurugram, India.
Under the leadership of Dhruv Arora, Syfe offers a range of wealth management solutions, including diversified proprietary portfolios, cash management services, and brokerage options. The platform serves customers across 60 countries and has a strong presence in Singapore, Hong Kong, and Australia. Syfe, developed with roots in India, claims to manage billions of dollars in assets in Singapore, with over 5% of the adult population using the platform to achieve their financial goals.
This funding marks a pivotal moment for Syfe as it continues to scale its operations and enhance its product offerings in the rapidly growing Asian markets.
