Wealthtech Firm TIFIN Closes US$47 Million Series C From JPMorgan, Broadridge
by Fintechnews Switzerland October 29, 2021TIFIN, a fintech platform using AI for wealth and asset management, announced the successful closing of US$47 million in Series C funding.
The firm closes its Series C round at a valuation of US$447 million, which is nearly five times higher than its Series A that was completed towards the end of 2020.
Hamilton Lane, a private markets investment manager, entered the capital round as a new strategic investor.
Other investors include J.P. Morgan Asset Management, Morningstar, and Broadridge after their initial investment in TIFIN’s Series B round.
TIFIN said that it will work closely with its strategic investors to facilitate innovation in the industry, and partner with Hamilton Lane to explore adding alternatives to its suite of wealthtech capabilities.
The company uses data and investment driven intelligence to drive personalisation for wealth management, and digital distribution for investment managers.
Vinay Nair
Vinay Nair, PhD, TIFIN Founder and CEO said,
“We are delighted to complete our Series C with strong support from our existing investors and welcome our new strategic investment partner, Hamilton Lane.
We value their experience and expertise in the private markets as we explore ways to personalize and democratize access to this asset class to deliver better wealth outcomes for individuals.”
