Syfe is a robo adviser and investment platform operator. The company is based in Singapore. It provides automated investment advice and operates an investment platform. Syfe announced it raised $27 million in fresh funding. The capital came from new and existing venture capital investors. The article does not provide additional operational metrics, investor names, or the financing instrument. Syfe is a robo-advisor app that combines automated portfolios with an optional human advisory touch and has launched products such as Syfe Cash+ and Core portfolios. The company says assets under management have grown fourfold since January and reports users in 42 countries while actively marketing only in Singapore. Syfe holds a Capital Markets Services license from the Monetary Authority of Singapore and plans to announce a second market soon. It has doubled its Singapore team to more than 100 people this year and will grant equity to all full-time employees. The startup emphasizes product development, user localization, and low acquisition costs driven by referrals (about 50–70% of new users come from recommendations each month). Syfe was founded in 2017 and launched its app in July 2019; it has raised $52.4 million to date. Syfe offers automated investment portfolios alongside access to human financial advisors, with no minimum deposit and fees ranging from 0.4% to 0.65% per year. Its product suite includes a global diversified portfolio, a REIT portfolio tied to the iEdge S-REIT Leaders Index, and an Equity100 ETF portfolio covering over 1,500 companies. The platform uses algorithms plus an investment team to manage allocations and mitigate bias, and emphasizes consumer education and adviser consultations. Syfe serves customers in 23 countries but currently only actively markets in Singapore and is licensed by the Monetary Authority of Singapore. The company says customers and assets under management have grown tenfold since the start of the year; it reports typical initial investments around SGD 10,000 and an average user age of 30–45. Syfe plans to expand into new Asian markets, double its team, and launch additional consumer financial products.

Total raised

$76M

Funding rounds

3

Latest round

Series C

Latest activity

Aug 2024