Syfe, a savings and investment platform, has made a non-binding indicative offer to acquire Selfwealth, an Australian digital investing platform, for AUD$65 million in cash.
This move follows Syfe’s Series C-1 fundraising round in 2024, where the company outlined its strategy of acquisitions as a key driver for growth.
The proposed deal aims to broaden Syfe’s market reach, particularly in Australia, while enhancing its product offering.
Syfe, which already has operations in Singapore, Hong Kong, and Australia, is well-positioned to help Selfwealth scale further.
Syfe plans for Selfwealth to continue its operations as normal, with improvements over time through Syfe’s technology and expertise.
Dhruv Arora, Founder and CEO of Syfe, commented,

“As a home-grown Singaporean company, we are proud to be part of the new wave of local fintech players scaling globally. This acquisition reflects the strength of our business, our ambition, and our belief that wealth management should be both accessible and innovative, with the investor experience at the core of everything we do.”
The acquisition would provide Selfwealth’s customers with access to Syfe’s broader investment products and technology-driven solutions, while maintaining the current offerings that Selfwealth users value.
The company reached profitability in early 2024, proving its ability to scale efficiently and provide long-term value to customers.
In the past year, Syfe has raised SGD$105 million in total funding and expanded its user base to include more than 5% of Singapore’s adult population.
Featured image credit: edited from freepik