Syfe has surpassed S$20 billion in assets under management (AUM) as it expands its digital wealth business across Asia-Pacific.
The milestone follows a year in which the Singapore-headquartered company reached group profitability and raised S$100 million in Series C funding.
Syfe also acquired ASX-listed Selfwealth, which now operates as Selfwealth by Syfe.
The platform now has more than 400,000 users across the region.
“Crossing S$20 billion is a good milestone, but the most important signal is that customers keep choosing to invest more with us over time. That growth comes from new customers joining, but just as much from existing investors putting more on the platform as their needs grow.
People are building long-term wealth here, not speculating – so our job is to keep giving them better tools to do it. Every product we’ve launched this year, across our brokerage, managed portfolios and cash products, is built for exactly that shift – giving people more reasons to grow with us,”
said Dhruv Arora, Founder and CEO of Syfe.
Syfe Brokerage is preparing to roll out Lend & Earn over the coming weeks. The stock lending feature will allow customers to lend shares they already hold and earn income during the loan period.
Investors will still be able to recall or sell the shares.
The company has also removed commission fees for US stock trading. It does not charge platform or custody fees for these trades.
US equities remain a key part of customer portfolios on the platform, while trading in other markets is also growing.
The updates follow several product launches this year, including Curate with AI, London Stock Exchange and UCITS access, options trading, the Equity Alpha portfolio powered by J.P. Morgan and Cash+ Enhanced.
Featured image: Edited by Fintech News Singapore, based on image by Syfe
