Wealthtech TIFIN lands $47m in Series C funding

Wealthtech platform TIFIN has secured $47 million in a Series C funding round.

TIFIN founder and CEO, Vinay Nair

The firm says the round values it at $447 million, nearly five times higher than when it completed a Series A in late 2020.

TIFIN, which stands for Technology In Finance, says its technology bridges the gap between retail investors, financial advisors, and asset managers.

The fintech’s platform utilises AI and data to personalise wealth and asset management, and it believes that personalisation and data are critical to the future of investment management.

Private markets investment manager Hamilton Lane joined the round as a new strategic investor alongside JP Morgan Asset Management, Morningstar, and Broadridge who participated in TIFIN’s Series B round.

The cash, alongside existing funds from prior capital raises, will support TIFIN’s growth and additional acquisitions.

TIFIN founder and CEO, Vinay Nair, says the funding and expertise from Hamilton Lane will enable the fintech to continue to “personalise and democratise access to this asset class to deliver better wealth outcomes for individuals”.

“Our growth to date is a sign of the potential the combination of financial expertise, AI and software technology has to address issues individuals face in managing their wealth to achieve financial freedom.”

Source: https://www.fintechfutures.com/2021/11/wealthtech-tifin-lands-47m-in-series-c-funding/