Digital Onboarding Raises $58 Million in Funding

by Kay Aloha Villamor in January 25th, 2024

Digital Onboarding, a Boston, MA-based SaaS company focused on helping financial institutions enhance customer relationships, has secured $58 million in growth capital.  

SaaS Investors  

The investment was from Volition Capital.   

Volition Capital is a Boston-based growth equity firm that principally invests in high-growth, founder-owned companies across the software, Internet, and consumer sectors. Founded in 2010, Volition has over $1.7 billion in assets under management and has invested in and/or provided sub-advisory advice to more than 40 companies in the United States and Canada.  

Digital Onboarding Use of Funds  

The company plans to use the funding to accelerate its product roadmap, invest in additional features, and expand its lean headcount. Digital Onboarding also plans to invest in additional segmentation and profile management, marketing attribution, machine learning, and embedded fintech functionality.  

About Digital Onboarding  

Founded in 2015 by Ted Brown and Jonathan Crossman, Digital Onboarding is a digital engagement platform that helps banks and credit unions turn account openers into fully engaged and profitable relationships. The company's platform enables banks and credit unions to offer a digital aspect to the paper welcome kit by providing targeted, journey-based communication and action-oriented microsites.  It serves more than 140 financial institution customers.  

Funding Details                    

Company: Digital Onboarding, Inc.  

Raised: $58.0M              

Round: Growth   

Funding Month: January 2024                    

Lead Investors: Volition Capital  

Additional Investors:   

Company Website:  

Software Category: Onboarding Software    


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