Digital wealth platform Syfe has successfully closed its Series C funding round of US$80 million ($102.8 million), bringing its total funding to date to US$132 million.
The latest round includes a new all-equity C2 of US$53 million at a “significantly increased valuation” and adds to the C1 raise of US$27 million in August 2024.
Syfe’s Series C funding round was led by two UK family offices and included returning investors Unbound and Valar.
The latest round comes after Syfe acquired Australian online investment platform Selfwealth. Syfe made a bid to acquire the Australian-listed brokerage for A$65 million or $54.7 million in an all-cash transaction in February this year.
“This fund raise comes at an exciting time as we grow our presence across the region and expand our offerings”, says Dhruv Arora, founder and CEO of Syfe. “In our markets of Singapore, Hong Kong & Australia, nearly half of all adults are in the ‘mass affluent’ segment, meaning those who have between a few hundred to a few million dollars in investable assets, and this segment is growing fast.”
In the last 18 months, Syfe’s total assets have grown to “well over” US$10 billion; its business in Hong Kong has doubled in size since the start of 2025.
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Arora adds that Syfe’s core business has also nearly doubled in the last year. Its capital will be used to scale its reach and strengthen its position across Singapore, Hong Kong and Australia.
