New investment platform - Syfe

[suarridge12345]

<https://www.businesstimes.com.sg/garage/digital-wealth-manager-syfe-launches-in-singapore-with-s52m-in-seed-funding>

Anyone going to give this a try? No minimum investment and only 0.65% annual fee.

They also use a risk-based investing system that re balances your portfolio based on the risk level you want to take. I think re-balancing is usually done when your asset allocation is off from your target. And seems like Syfe's method is based on solid research - www.syfe.com/investment-strategy

 

[limster]

<https://www.businesstimes.com.sg/garage/digital-wealth-manager-syfe-launches-in-singapore-with-s52m-in-seed-funding>

Anyone going to give this a try? No minimum investment and only 0.65% annual fee.

They also use a risk-based investing system that re balances your portfolio based on the risk level you want to take. I think re-balancing is usually done when your asset allocation is off from your target. And seems like Syfe's method is based on solid research - www.syfe.com/investment-strategy

They are starting off with only S$5.2million? if they are unable to raise more funds in further rounds, any chance it will close? very easy for fintech startup to burn through $5.2m.

 

[ashuka]

I do think that MAS has a very strict process in granting license to these fintech companies. I am actually intrigued by their methods and am in favour of their risk-based investing system. Anyone has deeper insights to the system?

 

[moejoseph]

Looks good actually. Their fees seem to be low. How is it like as compared to Stashaway or MoneyOwl?

 

[limster]

I do think that MAS has a very strict process in granting license to these fintech companies. I am actually intrigued by their methods and am in favour of their risk-based investing system. Anyone has deeper insights to the system?

the basic question still has to be answered. they raised $5.2m funding. How many months operating costs is that? MAS has very strict rules, so compliance costs are probably very high.

how much time does it have before it needs to turn a profit? and if it doesn't, then it'll have to exit the market.

it doesn't have first mover advantage, how is it going to persuade existing investors to switch? I don't see any promo offer to entice say, a stashaway investor to switch?

 

[crystalnox]

Sounds just like another Stashaway with their risk-based investing method.

 

[hellfire88]

I think best to attend their free workshop to ask the CEO questions directly to decide whether to invest in Syfe or not

Event Link

I think workshops are quite good to find out more in person and learn from what they have to share