Founder and CEO of Syfe, Dhruv Arora, says that the new round of funding will allow the platform to reach more customers. It will also let them work on “more innovative new products” to market, while upgrading the Syfe user experience.
The platform says that it has reached profitability in Singapore in early 2024, with average client assets more than doubling since 2023.
Prior to this, Syfe’s last funding round was a Series B raise of $40 million in 2021, also led by Valar Ventures.
Syfe was launched in 2019, and is licenced in Singapore, Hong Kong and Australia.
