🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Wealthtech startup Syfe raises $27 Mn in new round

EntrackrEntrackr · 10m 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.

Related News

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.

Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round

EntrackrEntrackr · 11m ago
Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round
Medial

Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner. The Bengaluru-based company has become one of the few startups to close two rounds within a year, especially during the so called funding winter. The board at Stable Money has passed a special resolution to issue 77,135 CCPS at price of Rs 16,019 each to raise Rs 123.56 crore or $14.74 million, its regulatory filing accessed from the Registrar of Companies (ROC) shows. RTP Capital led the round with Rs 54.26 crore ($6.5 million) while Lightspeed India and Matrix Partners India pumped in Rs 34.64 crore ($4.15 million) each in this round. In August 2023, Stable Money scooped up $5 million in its first equity fundraise led by Matrix Partners and Lightspeed. Titan Capital, Mar Shot Ventures and a clutch of prominent angel investors also participated in the round. As per startup data intelligence platform TheKredible, Stable Money will be valued at around $60 million post money. This is nearly four fold jump in valuation from $16.5 million in the last round. Founded in late 2022 by Saurabh Jain and Harish Reddy, Stable Money is building a fixed-return investment platform to provide financial consultation services to investors. The platform will also publish financial literacy content on its online platform to create awareness among investors. A clutch of wealthtech startups have managed to score decent funding in the ongoing calendar year. Recently Deserv raked in $32 million in its Series B round led by Premji Invest. In May, wealth management platform Wealthy raised $5.4 million in a new round led by Alpha Wave Incubation Fund.

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.

PowerUp Money raises $7.1 Mn from Accel, Blume and others

EntrackrEntrackr · 27d ago
PowerUp Money raises $7.1 Mn from Accel, Blume and others
Medial

PowerUp Money raises $7.1 Mn from Accel, Blume and others. Wealthtech startup PowerUp Money has raised $7.1 million in its first institutional funding round, led by Accel, Blume Ventures, and Kae Capital, with participation from 8i Ventures and DeVC. The proceeds will be used to strengthen its research team, build new advisory products, and scale customer acquisition efforts. Founded in April by Prateek Jindal, ex-cofounder of Uni Cards, PowerUp Money helps users manage their finances with tools like "Power Age," which shows when they can achieve financial freedom and how much they need to save. It offers direct mutual fund investments with advisory support to retail investors via its mobile platform. The startup is rolling out both free and paid subscription models. According to the company, Power Mutual Funds is already tracking over Rs 3,000 crore (~$350 million) in assets across more than 25,000 customers, with strong growth month on month. Originally incubated within Uni Cards, PowerUp has now been spun off as an independent venture, following the funding round. As per sources, Jindal has been working on the new venture since October 2023.

Former PayU’s exec startup Zinc raises $25.5 Mn in seed funding

EntrackrEntrackr · 8m ago
Former PayU’s exec startup Zinc raises $25.5 Mn in seed funding
Medial

Zinc, an edu-wealth startup founded by former PayU Finance India CEO Prashanth Ranganathan, has raised $25.5 million in its seed round, led by Nexus Venture Partners with participation from Quona Capital, EDBI, Global Ventures, and Credit Saison. According to the company, the funds will be used to drive product innovation and expand offerings, focusing on global investment tools, AI-powered university counseling, and cross-border payment solutions to help families secure their children’s futures. Zinc aims to address the rising costs of overseas education by building a financial foundation tailored specifically for this purpose. Its proprietary AI-powered edu-counselor platform, Ada, provides comprehensive support and guidance to young Indian aspirants. The company offers global investment tools that enable parents to expand their savings into international markets, helping them build financial plans for their children’s education while mitigating currency fluctuation risks. Zinc has also secured RIA (Registered Investment Advisor) license approval from SEBI and in-principle approval for the PSP (Payment Service Provider) license. The company has applied for a brokerage license from the International Financial Services Centres Authority (IFSCA) in GIFT City. Ranganathan, previously the founder of Paysense, which was acquired by PayU in 2020, joins the ranks of several second or third time startup founders who raised more than $20 million in their seed rounds in 2024. According to startup data intelligence platform TheKredible, notable recent seed rounds include blockchain startup Avail ($27 million), Lyskraft, Mukesh Bansal’s new venture ($26 million), and generative AI startups EMA and Nesya, which raised $25 million and $20 million, respectively. Wealthtech startup Centricity and elder care startup Primus Senior Living also raised $20 million each, marking strong seed-stage funding activity.

Download the medial app to read full posts, comements and news.