Total amount raised
$223.3 Million
Latest funding date
02/01/2024
Location
TIFIN has successfully raised funding over 8 rounds, with the latest being a Venture - Series Unknown round. The company has made significant strides in the fintech industry, leveraging AI to enhance financial services across various sectors.
With 10 investors backing its innovative solutions, TIFIN continues to expand its influence through strategic investments and acquisitions. Keep reading to explore the intricacies of TIFIN's fundraising journey and the investors supporting this dynamic platform.
What Is TIFIN?
TIFIN is a dynamic AI platform that develops fintech solutions tailored to individual investment needs. The company operates within the artificial intelligence, financial services, and fintech industries.
Founded in Boulder, Colorado, TIFIN has grown to employ between 251-500 people. The company has a significant presence in the AI-driven financial services sector, offering solutions for wealth management, asset management, and insurance.
With a global footprint, TIFIN maintains offices in Boulder, New York, Charlotte, Mumbai, and Bengaluru. The company continues to innovate and expand its influence in the financial technology landscape.
How Much Funding Has TIFIN Raised?
- Series A
- Amount Raised: USD 22,000,000
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of TIFIN's AI-driven fintech solutions.
- Series B
- Amount Raised: USD 22,300,000
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 184,000,000
- Motivation Behind the Round: To support the growth in TIFIN's product offerings, users, and revenues.
- Series C
- Amount Raised: USD 47,000,000
- Date: October 2021
- Lead Investors: Hamilton Lane
- Valuation at Round: USD 447,000,000
- Motivation Behind the Round: To continue expanding TIFIN's services and product offerings.
- Series D
- Amount Raised: USD 109,000,000
- Date: May 2022
- Lead Investors: Motive Partners
- Valuation at Round: USD 842,000,000
- 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: USD 7,650,000
- 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: USD 10,000,000
- Date: February 2024
- Lead Investors: SEI, SEI Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and expand TIFIN's market reach.
- Series Unknown
- Amount Raised: USD 3,000,000
- Date: December 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine TIFIN's AI-driven fintech solutions.
Total Amount Raised: USD 221,950,000. Current Valuation: USD 842,000,000.
Key Investors
- SEI
- Details: SEI is a global provider of investment processing, investment management, and investment operations solutions. The company is known for its innovative approach to financial services and technology.
- Investment Focus Areas: Financial services, technology investments.
- Notable Investments: Corporate Round - TIFIN.
- SEI Ventures
- Details: SEI Ventures is the venture capital arm of SEI, focusing on innovative financial technology solutions. It aims to support startups that align with SEI's strategic goals.
- Investment Focus Areas: Financial technology solutions.
- Notable Investments: Corporate Round - TIFIN.
- Franklin Templeton
- Details: Franklin Templeton is a global investment manager operating under Franklin Resources (NYSE: BEN). The firm offers a wide range of investment solutions, including mutual funds and ETFs.
- Investment Focus Areas: Wealth-tech, personalized advice, digital solutions powered by investment strategies.
- Notable Investments: AdvisorEngine Inc.
- Motive Partners
- Details: Motive Partners is a private equity firm focused on technology-enabled financial services companies. The firm aims to drive innovation in the financial sector.
- Investment Focus Areas: Financial technology, data & analytics, financial technology infrastructure.
- Notable Investments: Various technology-enabled financial services companies.
- Hamilton Lane
- Details: Hamilton Lane is a leading private markets investment manager (NASDAQ: HLNE). The firm provides innovative solutions to institutional investors worldwide.
- Investment Focus Areas: Private markets investments, including private equity, private credit, and real assets.
- Notable Investments: Various private market investments.
What's Next for TIFIN?
TIFIN stands at the cusp of significant growth opportunities, driven by the expansion of its consumer platform Magnifi and the analytics platform Distill. The company is also eyeing international markets, aiming to leverage AI to enhance personalization in wealth management. With a valuation of $842 million, the potential for future fundraising remains strong, attracting strategic investors eager to support TIFIN's innovative solutions.
However, TIFIN faces challenges such as competition from other fintech firms and regulatory hurdles in new markets. Maintaining rapid growth while ensuring compliance and quality will be crucial. Despite these challenges, TIFIN's strategic focus and robust investor backing position it well for continued success in the evolving fintech landscape.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like TIFIN and gather other critical business insights. Sign up for free to enhance your sales strategies and stay ahead in the competitive market.
