TIFIN closes Series D with $109 Million at an $842 million valuation

TIFIN, a fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, today 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, a next-generation investment firm focused on technology-enabled companies that power the financial services industry, join previous strategic investors. Hamilton Lane (NASDAQ: HLNE), a leading private markets investment manager, joined as an investor in the Series C round in October 2021. J.P. Morgan Asset Management, Morningstar, and Broadridge joined as an investor in the firm’s Series B round in April 2021. Rob Heyvaert, Founder and Managing Partner of Motive Partners will join the TIFIN board as part of the transaction.

The latest round brings TIFIN’s valuation to $842 million. The increase in valuation from its series B ($184 million) and series C ($447 million) over the past year reflects the growth in TIFIN’s product offerings, users and revenues.

TIFIN employs AI to enable wealth management personalization and digital distribution for investment professionals. TIFIN is pursuing its mission of making investing a more meaningful driver for financial well-being. It operates a network of targeted divisions. They include Magnifi which is a search-powered platform for investments; Financial Answers which is a demand- and data generation platform for advice, investments, and TIFIN Wealth. This collection includes personalization components for wealth managers, advisors, and other intermediaries. Distill, an AI-powered analytics platform and intelligence platform that drives digital distribution for wealth managers and wealth companies.

This additional capital, alongside existing funds from prior capital raises 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.

“Wealth-tech and personalized advice are rapidly reshaping how financial solutions are delivered. As a strategic investor, we are excited to partner with TIFIN on developing cutting edge digital solutions powered by a wide range of investment strategies, sophisticated algorithms and scalable technology,” Jenny Johnson, President of Franklin Templeton, said:

“As we focus on identifying and growing value within the financial technology sector, it is critical to have an eye on the emerging technologies that can play a crucial role in the reinvention across the industry. TIFIN’s pedigree in overlaying data & analytics to drive personalization improvements across businesses is just one area that we believe will be essential in building further value within our portfolio companies. Our team of Investors, Operators and Innovators look forward to partnering with Vinay and the talented TIFIN team to deliver the next generation of financial technology infrastructure,” said Rob Heyvaert, Founder & Managing Partner of Motive Partners.

“Hyper-personalized 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,” Dr. Vinay Naair, Founder and CEO at TIFIN, said this. “At the same time, we are enabling digital distribution for our asset management clients using targeted, data-driven and end-to-end automation. We are pleased to have Franklin Resources and Motive Partners along with Rob joining our Board. We look forward working with them, and benefiting from their global expertise and connections in the space. We are also grateful for the support from existing investors including Hamilton Lane and JP Morgan.”

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