Syfe, a savings and investment platform, has made an indicative and indicated indicator to acquire Self-Wealth, a digital investment platform in Australia, with AUD’s $ 65 million cash.
This movement has overvised the acquisition strategy as an important factor in growth, following the SYFE series C-1 donation round in 2024.
The proposed transactions are particularly intended to expand Syfe market reach, especially in Australia, but are strengthening products.
Syfe, which is already operating in Singapore, Hong Kong, and Australia, is well -established to support the scale of self -help.
Syfe plans to continue operating as usual, through Syfe technology and expertise, as usual.
DHRUV ARORA, the founder and CEO of SYFE, commented.
“As a homemade Singapore company, we are proud of being a member of the new waves of local Fintech players that are expanding worldwide. This acquisition is our business strength, ambition. And the management of wealth reflects the belief that wealth management should be easy to access and innovative, with the experience of all the core investors.
With this acquisition, Self-Wealth customers will maintain the current services that Self-Wealth users value while providing a wide range of SYFE’s investment products and technology-led solutions.
The company gained profitability in early 2024, prove the ability to efficiently scaled and provide long -term value to customers.
In the past year, SYFE has raised SGD with $ 15 million dollars, and has expanded user -based to include more than 5 % of Singapore’s adult population.
Featured image credit: edit FreePik
