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Syfe expands team after achieving profit in 2024

Syfe, a Singapore-based wealth management platform, turned profitable in 2024 and is now expanding its team to support its growth.

The company is seeking candidates for senior roles in its Singapore office, which will oversee operations in Singapore, Hong Kong, and Australia.

Open positions include vice president of marketing and distributions as well as head of public relations and communications.

Syfe achieved profitability last year and reported significant business growth along with a successful funding round.

Recent Syfe developments

Timeline
06-Nov-2024 💰 Syfe cuts losses by half, aims for group profitability by 2025
  • Syfe’s revenue rose 66% in FY 2024; losses halved.
  • Company launched new products, boosted assets per customer.
15-Aug-2024 💰 Syfe raises $27m to grow in key markets, expand in India
  • Syfe raises US$27M, total funding hits US$79M.
  • Funds to expand in Asia, enhance user experience.
06-Feb-2024 📈 Syfe’s revenue up by 2.5x in FY22/23, but still a fraction of its adjusted loss
  • Syfe’s revenue up 140% to $3.1M in FYE 2023
  • 10% staff layoffs amid financial restructuring
30-Aug-2023 💼 In 50 Words: Syfe’s Australia team loses senior execs
  • Syfe Australia GM Tim Wallace resigns.
  • Marketing head Christine Alfonse also exits.
17-May-2022 📈 Singapore robo-advisor Syfe enters Hong Kong
  • Syfe expands to Hong Kong, its first market outside SG.
  • Plans to grow digital investment services across Asia.

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