London-based funding agency Unbound and Peter Thiel’s Valar Ventures, each current buyers, additionally participated within the spherical.
In August 2024, the corporate had raised $27 million as a part of the identical spherical, and this extension takes the full funds raised within the spherical to $80 million.
Based by Dhruv Arora, an IIT Bombay alumnus and beforehand a senior govt at Grofers (now Blinkit), the startup is a financial savings and funding platform that gives diversified proprietary portfolios, cash management solutions and brokerage providers to people.
Whereas the platform operates in Singapore, Hong Kong and Australia, its expertise centre is positioned in Gurugram. In a press release, the corporate stated that it intends to make use of these funds to rent extra expertise for its tech centre in Gurugram. Over the past 12 months, Syfe’s headcount has grown by practically 15% in India.
“Our group, based mostly out of Gurugram Tech Headquarters in India, performs a essential function in driving this enlargement and constructing a very international providing,” Arora, stated in a press launch.
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“This fundraise comes at an thrilling time as we develop our presence throughout the area and broaden our choices,” Arora added. “In our markets of Singapore, Hong Kong and Australia, practically half of all adults are within the ‘mass prosperous’ section, that means those that have between a couple of hundred to some million {dollars} in investable belongings, and this section is rising quick.”Final month, Syfe acquired Australia-based on-line funding platform Selfwealth.
The corporate can also be prioritising automation and artificial intelligence adoption for inner operations in addition to on the shopper facet.
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