Investment application Syfe received an investment of $ 27 million

Singapore based investment app Syfe, In the Series C investment round $27 million received investment. Valar Ventures ve UnboundTotal investment amount of the venture with the investment tour in which it participated for $79 million reached. At this point, let us remind you that the startup received $30 million in the Series B investment round in 2021.

Field of activity of the enterprise

Founded in 2017, Syfe introduced its application to users in July 2019. Since then in more than 40 countries operating enterprise, More than 100 thousand users reached. The initiative’s ability to reach this number of users was also due to the fact that it enabled individual investors to find products that they could not usually access through banks or traditional investment platforms.

The tools and services offered by Syfe include managed portfolios, fractional investments, cash management solutions and brokerage platform. The company also provides individual investors with access to institutional products. For this, the company Blackrock, Pimco ve Vanguard It establishes partnerships with banks and investment firms such as. Investors do not need to make a minimum deposit or meet additional requirements to benefit from the mentioned products. Syfe generates revenue from commission fees.

Syfe CEO and founder Dhruv AroraAccording to what was quoted by; Syfe has reached profitability in its home market of Singapore this year, while average customer assets on the platform have more than doubled since 2023. Syfe’s competitors in Singapore include Endowus ve StashAway is located. The initiative is based in Indonesia in Southeast Asia. The door, Magical, Seedlings ve Opportunity competes with.

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