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Wealth management platform Syfe raises $80 Mn in Series C

EntrackrEntrackr · 1m ago
Wealth management platform Syfe raises $80 Mn in Series C
Medial

Wealth management platform Syfe raises $80 Mn in Series C Syfe, a digital wealth management platform operating across Asia-Pacific, has raised a total of $80 million in its Series C round. This includes a new $53 million Series C2 all-equity round led by two UK family offices, adding to the $27 million Series C1 raised in August 2024. Existing investors Unbound and Valar Ventures also participated in the round. The proceeds will be used to expand operations in Singapore, Hong Kong, and Australia, with a significant focus on scaling its engineering and product teams at its tech headquarters in Gurugram, India. Syfe now manages over $10 billion in assets and has recently acquired Selfwealth in Australia. According to the company, the business has doubled in Hong Kong in 2025 and nearly doubled overall in the past year. Syfe also announced recent senior hires including Sanjeev Malik from BlackRock and Dane Ricketts from Procter & Gamble and Grab. Syfe has increased its India headcount by nearly 15% since the last raise and continues to hire strategically. The fresh funds will also support the adoption of AI-assisted tools, enhance customer experience, and broaden the product suite. The company, licensed in Singapore, Hong Kong, and Australia, now serves users across 60 countries and plans to deepen its focus on the growing mass affluent segment in Asia.

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Wealthtech startup Syfe raises $27 Mn in new round

EntrackrEntrackr · 11m ago
Wealthtech startup Syfe raises $27 Mn in new round
Medial

Singapore-based saving and investment platform Syfe has raised $27 million (Rs 226 crore) in funding from Valar Ventures and Unbound, and new investment from two UK family offices. The company has raised $79 million to date and is backed by leading global investors including Peter Thiel’s Valar Ventures, Unbound and partners from DST. The proceeds will be used for growth across Asia, with new products and innovations to be rolled out in each of Syfe’s markets. To fuel this development, Syfe will also be investing significantly to expand its engineering and product team and capabilities at its tech headquarters in Gurugram. Led by Dhruv Arora, Syfe caters to the different wealth needs of individuals with diversified proprietary portfolios, cash management solutions and brokerage. It has customers from 60 countries. According to Syfe, its inception and development are firmly rooted in India while serving customers in Singapore, Hong Kong and Australia. In Singapore alone, Syfe claims to manage multiple billion dollars in assets and over 5% adult citizens are using the platform to achieve their financial goals.

Fintech startup Mili raises $2 Mn led by Chiratae and BoldCap

EntrackrEntrackr · 7m ago
Fintech startup Mili raises $2 Mn led by Chiratae and BoldCap
Medial

AI meeting assistant for wealth management firm Mili has raised $2 million in its seed round led by Chiratae and BoldCap with participating investors Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher (Quent Capital), and Better Capital. The proceeds will be used to enhance and accelerate Mili's product, including expanding customization capabilities, deepening integrations, ramping up its partnerships, and growing the engineering and customer success teams. Founded in early 2024 and is led by Chirag Gandhi, Mili provides enterprise-grade meeting documentation software that helps wealth management firms streamline their advisory workflows while maintaining the highest standards of compliance and customization. The platform enables financial advisors to focus on client relationships by reducing administrative overhead through secure, real-time AI assistance that works seamlessly with existing systems. According to the company, it has an industry-leading compliance architecture built for enterprise wealth management, with customizable templates and firm-specific rubrics that adapt to each practice's unique needs. Mili has a rapidly expanding integration suite supporting major wealth management platforms, backed by an SOC 2-certified infrastructure with enterprise-grade security.

Smallcase raises $50 Mn in Series D led by Elev8

EntrackrEntrackr · 3m ago
Smallcase raises $50 Mn in Series D led by Elev8
Medial

Smallcase raises $50 Mn in Series D led by Elev8 Wealthtech startup Smallcase has raised $50 million in its Series D round led by Elev8 Venture Partners, a $200 million growth-stage fund focused on high-potential Indian startups. The round also saw participation from State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures. The capital will be used to expand Smallcase’s investment product offerings across asset classes and strengthen its relationships with retail investors and ecosystem partners, Smallcase said in a press release. The new round is coming after a gap of more than 3.5 years. Smallcase has raised around $120 million to date, including $40 million in a Series C round led by Faering Capital in August 2021. According to the startup data intelligence platform TheKredible, Peak XV is the largest external stakeholder, followed by Faering Capital and Blume Ventures. Launched in 2016, Smallcase offers a model portfolio platform that has served over 10 million investors. It also provides technology solutions to more than 250 financial institutions, including research firms, advisors, wealth managers, and brokerages. The platform recently expanded its offerings through a joint venture with Zerodha to launch an asset management company focused on index funds and ETFs. Smallcase's revenue from operations surged to Rs 67.4 crore in FY24 from Rs 30.6 crore in FY23. A drop in advertising and employee benefits enabled the company to reduce its losses by 74.4% to Rs 34 crore in the last fiscal year. According to TheKredible, Indian wealthtech startups such as Neo, Dezerv, Centricity, Stable Money, Fisdom, InvestorAi, and Wealthy have garnered nearly $250 million in funding across 15 deals in the past 18 months. Elev8 Venture Partners, backed by South Korea’s KB Investment, focuses on B2B SaaS, enterprise tech, consumer tech, and fintech. This is its third investment after supporting identity verification platform IDfy and astrotech platform Astrotalk.

Wealthtech firm Neo raises $48 Mn led by MUFG, Euclidean Capital

EntrackrEntrackr · 11m ago
Wealthtech firm Neo raises $48 Mn led by MUFG, Euclidean Capital
Medial

Wealth and asset management firm Neo has raised Rs 400 crore or $48 million in Series B round led by MUFG Bank and New York-based Euclidean Capital LLC. Existing investor Peak XV Partners also participated in this round. The funds will be used to expand Neo’s wealth management division and enhance support for its asset management business, the company said in a press release. With this, Neo has raised around 1,000 crore ($120 million) in equity capital including a $35 million round from Peak XV in October last year. Earlier this month, the company raised the first tranche of this round worth $26.5 million. As per startup data intelligence platform TheKredible, it was valued at around $231 million. Mumbai-based Neo provides advisory and yield-based investment solutions to high and ultra-high net worth individuals including indigenous family offices. Focusing in the areas of credit and real assets, the platform has also launched bespoke funds that provide capital solutions to companies providing risk adjusted returns for investors. Neo group claims that it manages nearly Rs 35,000 crore in wealth management assets and over Rs 6,000 crore in alternative asset management. The three-year-old firm reported a nine-fold growth in its revenue to Rs 65 crore in the fiscal year ending March 2023 (FY23). Significantly, it achieved such growth with a mere loss of Rs 3.6 crore during FY23. The company is yet to disclose its FY24 results. According to TheKredible, Peak VV was the largest external shareholder, holding 22.22% of the company. The company’s co-founders—Nitin Jain, Varun Bajpai, and Hemant Dogra—collectively held 63.81% prior to this funding round. More than half a dozen wealthtech startups have raised funds in the ongoing calendar year. Recently, Stable Money raised $15 million while Deserv raked in $32 million. Fisdom, Powder, Wealthy and Infynite Club also scored decent funding in the past year.

SustVest raises $1.7 Mn in pre-Series A

EntrackrEntrackr · 6m ago
SustVest raises $1.7 Mn in pre-Series A
Medial

Sustainable investment platform SustVest has raised $1.7 million in its pre-Series A round in mix of equity and debt led by Inflection Point Ventures and Antler along with participation from WEH ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others. The proceeds will be used for key business growth initiatives, including acquiring solar projects, scaling marketing with the regulated platform launch, strengthening operations, and covering legal expenses. Founded by Hardik Bhatia and Devansh Shah, SustVest specializes in sustainable investments in renewable energy. The platform claims to have achieved over Rs 43 crore in Assets Under Management (AUM) with 9.3 MW of solar installations, distributed over Rs 5.7 crore in energy income and saved over 94 lakh kg of carbon emissions. The startup claims to offer investors fixed-income opportunities with environmental impact while enabling C&I consumers to access zero-cost solar projects at up to 50% lower tariffs. Its portfolio includes renowned clients such as Lodha Group, Hitachi, Mahle Group, Subros Ltd, CISF, NSG, CRPF, and others.

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