Digital Wealth Management Fintech Syfe Secures SGD 40M via S

Digital Wealth Management Fintech Syfe Secures SGD 40M via Series B led by Valar Ventures


Digital Wealth Management Fintech Syfe Secures SGD 40M via Series B led by Valar Ventures
Singapore-based
Syfe, a digital or online wealth management company, has secured SGD 40 million through a Series B round.
Syfe‘s investment round has been led by US-headquartered
Valar Ventures, the VC fund co-founded by
Peter Thiel, which led Syfe’s Series A round and was the VC’s first investment in an Asian Fintech firm. Existing investors
Presight Capital and
Unbound also took part in the round.
This latest fundraise has been announced only 9 months after Syfe finalized its Series A in September 2020. Syfe has now secured a total of SGD 70.7 million (appr. $52.6 million) in capital since it launched operations back in 2019. The company has tripled its valuation following the raise.

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