After Q4 EBITDA profit, Syfe to double down on core markets

Despite their growing assets under management (AUM), many wealthtech players – which generally offer more transparent pricing, lower investment requirements, and an easy-to-use interface – were not profitable for a long time. That’s gradually changing.

In December, digital wealth management platform Syfe announced that it had hit group-level profitability in the fourth quarter of 2025. It also said it had given over US$2 billion in returns to clients last year.

Photo credit: Syfe

While the firm didn’t specify at the time what profit metric it was referring to, a Syfe spokesperson confirms to Tech in Asia that this was on an EBITDA basis.

Audited financial statements for Syfe’s holding company, Svava Pte Ltd, in the financial year ending March 2025 (FY2025) show that the firm made a loss before tax of US$6.5 million in FY2025, down from US$8.7 million in the previous financial year.

The parent entity also reported revenue of US$10.1 million in FY2025, a year-on-year increase of 81%. Other income, which includes items like interest income and government grants, stood at around US$900,000.

Like peers Endowus and StashAway, Syfe is seeing strong demand for the various cash management and investment products it offers through its digital platform.

The company’s total AUM has surpassed US$10 billion as of the end of January, the spokesperson says.

Endowus hit the same amount in client assets in October 2025.

See also: StashAway hits profit milestone in SG as revenue jumps 36%

The Syfe spokesperson says strong revenue momentum across its three markets – Singapore, Hong Kong, and Australia – as well as its different business lines drove it to hit EBITDA profitability across its markets in the fourth quarter of 2025.

Syfe offers cash management, brokerage, and managed portfolios to retail investors and also treasury services to businesses.

It recently launched options trading in Singapore and Hong Kong, with more updates slated to be released in the coming months, the person adds.

“Beyond our newer products, we are seeing record inflows even into our more established offerings like managed portfolios,” the spokesperson says. Under its managed portfolio product, clients can choose from curated investment portfolios, depending on their financial goals.

“Strong revenue momentum”

Profits a “conscious choice”