Wealthtech TIFIN doubles valuation with $109m Series D
US-based wealthtech platform TIFIN has closed a $109 million Series D financing round, bringing its valuation to $842 million.
TIFIN founder and CEO Vinay Nair
The Series D round saw participation from global investment manager Franklin Resources and fintech-focused investment firm Motive Partners.
Motive Partners founder and managing partner Rob Heyvaert will also join the wealthtech’s board as part of the investment.
TIFIN, which stands for Technology In Finance, says its technology bridges the gap between retail investors, financial advisors, and asset managers.
The fintech’s platform utilises AI and data to personalise wealth and asset management, and it believes that personalisation and data are critical to the future of investment management.
TIFIN founder and CEO Vinay Nair says: “Hyper-personalised experiences are critical for the future of investment management as individuals demand more engaging and digitally intuitive approaches.
“At TIFIN, we are building algorithms to enable this within various wealth and investment journeys, while using natural language processing and conversational AI to simplify the user experience.”
The company has almost doubled its valuation since its Series C in October, which the company says reflects its growth in product offerings, users and revenues.
This latest cash injection will support the continued growth of TIFIN’s expansion outside the US, as well as its consumer platform and asset and wealth enterprise offerings.
