Big news for the Asia-Pacific wealth management space – digital wealth platform Syfe has closed its USD 80 million (~INR 685 crore) Series C funding round, with a big chunk of the capital going towards expanding its tech and product teams in India. The raise includes USD 53 million (~INR 454 crore) in fresh equity under Series C2, on top of the USD 27 million (~INR 231 crore) raised in Series C1 in August 2024, taking the company’s total funding to USD 132 million (~INR 1,130 crore) so far.
Syfe Series C round was led by two UK-based family offices, with continued support from existing investors Unbound (a London-based investment firm) and Valar Ventures, co-founded by billionaire investor Peter Thiel. Syfe hasn’t disclosed its current valuation but said it has grown significantly since the last round – no small feat in a year where Asia-Pacific venture funding hit its lowest quarterly total since 2014.
Expansion Driven by Regional Growth and Strategic Acquisitions
Founded by Dhruv Arora, an IIT Bombay alumnus and former Grofers (now Blinkit) executive, Syfe has quickly become a major player in digital wealth management in Singapore, Hong Kong and Australia. The company’s edge lies in its ability to serve the region’s mass affluent segment – investors with a few hundred thousand to a few million dollars in investable assets.
“Our platform was built in the region, for the region,” said Arora. “In markets like Singapore, Hong Kong and Australia, nearly half of all adults fall into the mass affluent category and this segment is growing rapidly. We’re well positioned to serve them with accessible, personalized and high quality wealth solutions at scale.”
Syfe’s growth has been rapid. The platform now manages over USD 10 billion (~INR 85,740 crore) in assets and its Hong Kong business has doubled in 2025. In a bold move to expand its Australian presence, Syfe recently acquired Selfwealth, one of Australia’s largest online trading platforms. This acquisition adds to its user base and operational footprint in the region.
India: The Quiet Engine Behind Syfe’s Global Push
While Syfe’s consumer-facing business is based in the Asia-Pacific, India has become the quiet engine behind its technology strategy. The company has a major tech hub in Gurugram and with this latest fundraise plans to hike hiring in its product and engineering teams.
“In the last year, our India headcount has grown by 15%,” said Arora. “Our Gurugram tech headquarters is critical to building our global products. With this capital we’ll scale those efforts big time.”
India’s role will only expand as Syfe invests in automation, AI-driven tools and internal efficiencies to further differentiate itself in a crowded market. Recent hires are a sign of this ambition – Sanjeev Malik, an 18-year BlackRock veteran and Dane Ricketts, who brings experience from Procter & Gamble and Grab as the new VP of Marketing.
Capital Efficiency in a Market Headwind
What’s special about Syfe’s fundraise is the context: Q1 2025 was the most capital constrained quarter in the region in over a decade. With liquidity tightening, investors are getting picky, favouring profitable, scalable business models over growth at all costs. In that sense, Syfe’s ability to raise international capital at a premium valuation is not just a win for the company—it’s a big thumbs up for the Asia-Pacific mass affluent market and the tech platforms serving it.
As Syfe moves forward with plans to add to its product suite, expand geographically and double down on technology, the company will be one of the biggest wealthtech players in the region.
About Syfe
Founded in 2019, Syfe is a digital investment platform offering proprietary portfolios, cash management solutions and brokerage services to retail and high net worth clients. Licensed by the Monetary Authority of Singapore (MAS) and operating in Singapore, Hong Kong and Australia, with a major tech hub in India.
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