Wealth management platform Syfe has raised $80 million in its extended Series C funding round as it doubles down on expanding its engineering and product teams in India, according to the company’s statement on Thursday, June 5, 2025. The raise includes a new $53 million equity injection (Series C2) and builds on the $27 million it secured in August 2024.
The funding round, led by two unnamed UK family offices, also saw participation from existing backers including Valar Ventures and Unbound. The latest round comes despite a broader slowdown in venture capital activity in Q1 2025 was reportedly the weakest in over a decade for the Asia-Pacific region.
A substantial share of the capital will go into scaling operations at Syfe’s Gurugram-based tech hub, which has already seen a 15% increase in headcount since the earlier tranche. The India team plays a central role in building and managing Syfe’s technology infrastructure that serves customers in Singapore, Hong Kong, and Australia.
Founded in 2019, Syfe offers automated investment portfolios, cash management tools, and a brokerage platform. It is positioning itself to serve the growing “mass affluent” segment—individuals with a few hundred thousand to a few million dollars in investable assets across key APAC markets.
Commenting on the company’s growth plans, Dhruv Arora, Founder and CEO of Syfe, said the India tech hub is “instrumental in building a global offering,” and noted that nearly half of adults in Syfe’s core markets fall into the mass affluent category, which continues to expand rapidly.
Syfe claims to manage over $10 billion in assets. It recently acquired Australia’s Selfwealth and has made high-profile hires, including former BlackRock MD Sanjeev Malik and Dane Ricketts, who joins as VP of Marketing from Grab and P&G.
The company claims that over 8% of Singapore’s adult population now uses the platform. Syfe is betting on expanding its reach through AI and automation.
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