Total amount raised
$223.3 Millions
Latest funding date
Location
TIFIN has successfully raised significant funding over multiple rounds, positioning itself as a key player in the financial technology sector. The company leverages AI to build innovative platforms and applications that cater to various stakeholders in the financial industry.
Keep reading to explore the intricacies of TIFIN's fundraising journey and the investors backing this transformative platform.
What Is TIFIN?
TIFIN is a fintech company that leverages AI to build platforms and applications aimed at enhancing financial services. Their products are designed to serve asset managers, wealth managers, RIAs, foundations, family offices, and wealthtech providers.
With office locations in Boulder, New York, Charlotte, Mumbai, Bengaluru, and Madrid, TIFIN focuses on improving client engagement, operational efficiency, and business growth through AI-driven solutions. The company emphasizes innovation and customer-centric solutions, integrating investment algorithms and AI to address various financial challenges.
How Much Funding Has TIFIN Raised?
- Venture Round
- Amount Raised: $5.4M
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Series A
- Amount Raised: $22M
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and increase market presence.
- Series B
- Amount Raised: $22.3M
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: $184M
- Motivation Behind the Round: To support the growth in TIFIN's product offerings, users, and revenues.
- Series C
- Amount Raised: $47M
- Date: October 2021
- Lead Investors: Hamilton Lane
- Valuation at Round: $447M
- Motivation Behind the Round: To continue expanding TIFIN's ecosystem and product offerings.
- Series D
- Amount Raised: $109M
- Date: May 2022
- Lead Investors: Motive Partners
- Valuation at Round: $842M
- Motivation Behind the Round: To support TIFIN's continued growth, with a focus on expanding Magnifi's consumer platform, Distill's services, international expansion, and additional fintech innovation initiatives.
- Debt Financing
- Amount Raised: $7.7M
- Date: October 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational expenses and strategic initiatives.
- Corporate Round
- Amount Raised: $10M
- Date: February 2024
- Lead Investors: SEI, SEI Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and accelerate growth in targeted markets.
Total Amount Raised: $223.4M. Current Valuation: $842M.
Key Investors
- Franklin Templeton
- Details: Franklin Templeton is a global investment management organization known for its expertise in mutual funds and other investment products.
- Investment Focus Areas: Digital wealth platforms, investment strategies, scalable technology.
- Notable Investments: AdvisorEngine Inc., various mutual funds, ETFs.
- Motive Partners
- Details: Motive Partners is a private equity firm focused on technology-enabled financial services companies.
- Investment Focus Areas: Technology-enabled financial services, fintech, business services.
- Notable Investments: Fintech companies, technology-driven financial services firms.
- J.P. Morgan Asset Management
- Details: J.P. Morgan Asset Management is a global leader in investment management, offering a wide range of investment products.
- Investment Focus Areas: Equities, fixed income, alternatives.
- Notable Investments: Stocks, bonds, alternative investments.
- Hamilton Lane
- Details: Hamilton Lane is a leading private markets investment manager providing innovative solutions to institutional investors.
- Investment Focus Areas: Private equity, private credit, real assets.
- Notable Investments: Private equity funds, direct investments, secondary market transactions.
- Morningstar
- Details: Morningstar is a provider of independent investment research and management services.
- Investment Focus Areas: Investment research, data analytics, management services.
- Notable Investments: Not specifically mentioned.
What's Next for TIFIN?
TIFIN's future looks promising with significant opportunities on the horizon. The company plans to expand its consumer platform Magnifi and its analytics platform Distill, while also venturing into international markets. These expansions could significantly enhance TIFIN's market presence and user base.
Given the recent successful funding rounds and the substantial increase in valuation, TIFIN is well-positioned for future fundraising opportunities. The addition of high-profile investors like Franklin Templeton and Motive Partners suggests continued investor confidence, which could lead to further rounds of investment to support its growth and innovation initiatives.
However, TIFIN may face challenges such as navigating regulatory environments in new markets, maintaining rapid growth, and staying competitive in the evolving fintech landscape. Despite these hurdles, the company's focus on AI-driven personalization and digital distribution positions it well to capitalize on industry trends and drive future success.
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