Syfe, a saving and investment platform operating across Asia-Pacific, has made a non-binding indicative offer to acquire Selfwealth, one of Australia’s largest digital investing platforms, for A$65 million cash.
During its Series C-1 fundraising round in 2024, Syfe announced its intent to pursue acquisitions as a key growth lever, focusing on expanding its market reach and strengthening its product offering. The proposed acquisition will add Selfwealth’s platform to Syfe’s existing business, significantly expanding its Australian footprint.
Dhruv Arora, Founder & CEO, Syfe, said, “As a home-grown Singaporean company, we are proud to be part of the new wave of local fintech players that are scaling globally. This acquisition is a testament to the strength of our business, our ambition, and our belief that wealth management should be accessible and innovative, with the investor experience at core of everything we do.”
“Syfe has built one of the strongest wealth platforms in Asia, trusted by investors in over 60 countries and over 250,000 users in Singapore alone. Having already demonstrated in Singapore how a customer-first approach and disciplined growth can drive real impact, Syfe’s leadership team sees a similar opportunity in Australia. Adding Selfwealth to the Syfe ecosystem strengthens our foothold in the market and accelerates our vision of building Asia Pacific’s most comprehensive digital wealth platform,” added Arora.
