The winner takes it all! Singapore-based investment platform Syfe is set to acquire Selfwealth, one of Australia’s leading digital investing platforms, for $65M AUD (~$41M).

• Selfwealth shareholders voted in favor of the all-cash deal, which Syfe proposed via its parent company, Svava. 
• Other bidders included Bell Financial Group and AxiCorp Financial Services.

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📲 Partnered up

Launched in 2019, Syfe is a digital investment platform that offers tech solutions and advice to help their customers build wealth. 

It currently has over 250K users and has established operations in Singapore, Hong Kong, and Australia. They raised a $27M Series C in 2024.

• And Selfwealth? They’re a low-cost investing app that is used by around 129K Australians.

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💰 Next steps

The acquisition is said to make Syfe one of the largest digital wealth platforms in APAC. 

The transaction is set to be completed on May 7 after all remaining conditions are met or waived. 

• After that, Selfwealth will be delisted from the Australian Securities Exchange and will go by Selfwealth by Syfe!