Syfe, a Singapore-based savings and investment platform, is indicatable indicators without binding to acquire Self-Wealth, one of the largest digital investment platforms in Australia, with cash ($ 40 million). Was provided.
Syfe stated in a statement on Wednesday that the proposed acquisition added a Self -Wealth platform to the existing business of SIFE, and the Australian footprint would be greatly expanded.
Note that in the 2024 series C-1 donation round, SYFE focused on expanding market reach, strengthening the provision of products, and announcing the intention to pursue the acquisition as a major growth lever. please.
With business in Singapore, Hong Kong, and Australia, Syfe said that it is suitable for supporting self -class growth and providing even more powerful digital investment experiences to local customers.
Syfe’s vision for autonomy is to continue the operation as usual because it is enhanced over time to benefit from Syfe technology, expertise, and scale.
“As a homemade Singapore company, we are proud to be a member of the new waves of local Fintech players who are expanding worldwide.
“This acquisition has an investor experience at the core of our business strength, our ambitions, and all we do, and it should be easy to access and innovative. It is a proof of our belief. “
According to the statement, Self-Wealth’s powerful user-based, established brands, and investment platforms are naturally compatible with Syfe.
This acquisition provides seamless transitions to customers, unlocks a wide range of SYFE’s investment products and technology -led solutions over time, and maintains everything that self -aviation customers are now enjoying. I will do it.
“Syfe has built one of the most powerful Wealth platforms in Asia, trusted by more than 250,000 users in more than 60 countries and Singapore alone,” said Arora.
“Syfe leadership teams have seen similar opportunities in Australia, as Singapore has already demonstrated how to approach customers and disciplined growth to promote the true impact.
“Adding Self -Wealth to SYFE ECOSYSTEM will enhance the scaffolding in the market, accelerating the vision of building the most comprehensive digital wels platform in the Asia -Pacific region,” added.
Despite the challenging market environment, SYFE stated that the company has continued to demonstrate the resilience and growth and further strengthen leadership in the Asian Pacific section.
Note that the company has gained profitability in early 2024 and strengthened its ability to efficiently scaled while providing long -term values to customers.
In the past year, SYFE has strengthened the market status, secured a total of $ 150 million ($ 77.8 million) in total funding, expanding user -based and expanding 5 % of adults in Singapore. I did. 。
Syfe is supported by major world investors, including Peter Thiel’s Valar Ventures, Unbound, and DST partners.
Syfe collects $ 27 million in a new financing round to announce profitability in Singapore.
