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Syfe bids $40.7m to acquire Australian platform Selfwealth
Syfe, a savings and investment platform based in Singapore, has made a non-binding offer to acquire Selfwealth, an Australian digital investment platform, for A$65 million (US$40.7 million) in cash.
In 2024, Syfe announced a strategy focused on growth through acquisitions.
If the acquisition is finalized, Selfwealth’s platform will be integrated into Syfe’s operations while maintaining its independent brand.
Recent Syfe developments
| Timeline |
|---|
20-Jan-2025 🚀 Syfe expands team after achieving profit in 2024
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06-Nov-2024 📈 Syfe cuts losses by half, aims for group profitability by 2025
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15-Aug-2024 💰 Syfe raises $27m to grow in key markets, expand in India
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06-Feb-2024 📈 Syfe’s revenue up by 2.5x in FY22/23, but still a fraction of its adjusted loss
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30-Aug-2023 📉 In 50 Words: Syfe’s Australia team loses senior execs
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| 17-May-2022 📈 Singapore robo-advisor Syfe enters Hong Kong |
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