Investment application Syfe raises $30 million through Series B funding

Investments hold the key to future wealth assimilation. Mutual Funds, shares, cryptocurrency investments are a way to grow wealth. On account of increased financial awareness individuals are extensively using financial applications for basic understanding of financial portfolios. 

 

Financial applications like SNACK, AXS Payment, Tiger Trade- Global Invest & Share, Paypal and Syfe are gaining popularity in Singapore. These applications offer financial advice and prescribe investment portfolios for lucrative future returns. Syfe, is a wealth manager and a financial advisor for investors that are looking forward to growing their money. 

 

(Must Read: Introduction to Investment Banking)

 

For its business expansion needs Syfe raised $30 million through series B funding. The funding round was backed by Syfe’s leading investor Valar Ventures. Prior to B series funding Syfe raised $18.6 million through series A funding that took place on September 23, 2020. Syfe’s lead investors include Valar Ventures and Unbound. 

 

Startup’s other investors include Presight Capital. GE32 Capital, Tom Stafford and Rahul Mehta. Syfe seeks to expand its business in the Asian market. Startup also hired 100 new professionals for the Asian market. Syfe’s business skyrocketed in the year 2020. The application caters to every age group. 

 

Syfe’s full fledged dive in the Asian market is with the purpose to capture more market share. 

 

Syfe’s application is available for download on Google Store. Syfe customizes investment portfolios based on the investors' needs. With wealth experts from top notch financial institutions like Goldman Sachs, and DBS application boasts of a strong portfolio in the investment field. 

 

According to TechCrunch, Syfe's founder Dhruv Arora said, “We really scaled up the team and started launching new products and options for our users.” Syfe probably could have waited another six months to a year to raise a new round, he added, but its investors approached the startup again and offered good terms for another round. “