Syfe, a savings and investment platform, has secured $27 million ($226 crore) in financing, bringing the total amount raised to $79 million.
Syfe’s expansion throughout Asia will be expedited by financing, which will enable the company to introduce new products and innovations in each of its markets. Syfe will also be investing substantially to expand its engineering and product team, which is the largest team within the company, and the capabilities at its Gurugram tech headquarters in order to further this development.
The all-equity round included new investment from two UK family offices and existing investors, including Valar Ventures and Unbound.
Read also – Vayana Secures $20 Mn Funding Round from SMBC Asia
Syfe’s origins and growth are deeply rooted in India, and the company currently serves clients in Singapore, Hong Kong, and Australia.
Dhruv Arora, Founder and CEO of Syfe, said: “This funding will enable us to reach more customers and help them grow their wealth for a better future. Through increased investment in development, we will bring even more innovative new products to market while continuously upgrading the Syfe user experience,”
About Syfe
Founded in 2019 by Dhruv Arora, Syfe is a digital investment platform with a mission to empower people to build their wealth for a better future.
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