Tifin, a Boulder, CO-based fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, announced the successful closing of $109 million in a Series D financing round.
Franklin Resources (NYSE: BEN), a global investment manager operating under Franklin Templeton, and Motive Partners, joined previous strategic investors. Hamilton Lane (NASDAQ: HLNE), J.P. Morgan Asset Management, Morningstar, and Broadridge.
This additional capital will support TIFIN's continued growth, with particular emphasis on Magnifi's consumer platform, Distill's expansion with asset and wealth enterprises, TIFIN's expansion outside the US, and additional fintech innovation initiatives.
Rob Heyvaert, Founder and Managing Partner of Motive Partners will join the Tiffin's board as part of the transaction.
Company: TIFIN Group
Raised: $109.0M
Round: Series D
Funding Month: May 2022
Lead Investors: Franklin Resources and Motive Partners
Additional Investors: Hamilton Lane, J.P. Morgan Asset Management, Morningstar, and Broadridge
Company Website: https://tifin.com/
Software Category: AI-powered Fintech
About the Company: Founded in 2018 by Dr. Vinay Nair, a former Wharton Professor and successful entrepreneur, TIFIN is an AI-powered fintech that leverages data science, investment intelligence, and technology to deliver engaging and personalized investor experiences. By connecting individuals to advise and investments, TIFIN bridges the gap between investors, their trusted intermediaries, and asset managers. TIFIN was created to help make investing a powerful driver of financial well-being by eliminating frictions investors face. TIFIN manages Magnifi, a search-powered marketplace for investments; TIFIN Wealth, a platform for advisors, wealth managers, and other intermediaries to deliver better individual outcomes; Financial Answers, a digital platform of investor communities; all powered through Distill, central digital distribution, and insights engine using TIFIN's data platform.
Source: https://tifin.com/2022/05/12/tifin-closes-109-million-in-series-d-at-a-842-million-valuation-adds-franklin-templeton-and-motive-partners-to-its-group-of-investors/