APAC's leading savings and investment platform targets India team expansion
FinTech BizNews Service
Mumbai, June 5, 2025: Syfe, APAC’s leading digital wealth platform, today announced the successful close of its Series C funding round of USD 80 million. This includes a new all-equity round Series C2 of USD 53 million at a significantly increased valuation and adds to the Series C1 raise of USD 27 million in August 2024. The funding round was led by two UK family offices and supported by returning investors Unbound and Valar Ventures.
Syfe is prioritising automation and the adoption of AI-assisted tools to enhance efficiency for both clients and internal operations. This funding will be used to scale Syfe’s reach across Singapore, Hong Kong and Australia. A key portion of the funds will be exclusively leveraged to expand Syfe’s engineering and product teams at the Gurugram, India, tech headquarters. It will also be used to accelerate innovation, enhance the customer experience, and expand their product suite to meet the evolving needs of their growing customer base.
Commenting on the fundraise, Dhruv Arora, Founder and CEO of Syfe, “This fundraise comes at an exciting time as we grow our presence across the region and expand our offerings. 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. Our team, based out of Gurugram Tech Headquarters in India, plays a critical role in driving this expansion and building a truly global offering.”
Syfe’s headcount in India has grown by nearly 15% since the C1 funding round in August 2024. The company continues to hire selectively, prioritising high-quality talent and strategic roles. Syfe’s inception and development are firmly rooted in India while serving customers in Singapore, Hong Kong and Australia. In the last 18 months, Syfe’s business has grown significantly, with its core business nearly doubling in the last year and with total assets now well over US$10 billion. In Hong Kong alone, the business has doubled in size since the start of 2025. The company also recently acquired Selfwealth, one of Australia's most established and trusted online investment platforms. Syfe has been making strategic hires to strengthen key capabilities. Notable recent additions include Sanjeev Malik, former Managing Director at BlackRock for 18 years; and Dane Ricketts, Syfe’s new VP of Marketing, who brings extensive global experience from senior roles at Procter & Gamble and Grab, with a focus on consumer and growth marketing.
The investment comes at a time when capital is highly selective - Q1 2025 marked the region’s lowest funding quarter since 2014 - such international investment is a strong endorsement of the region’s emerging mass affluent segment and the opportunity to deliver differentiated, tech-driven wealth solutions. It also underscores Syfe’s strong business performance and growing investor confidence in its mission to redefine wealth management across Asia-Pacific.
