Today, d1g1t, the top institutional-grade wealth management platform for RIAs, multi-family offices, and financial advisors, announced the completion of a round of funding that included both debt and equity. In addition to current angel investors, top existing institutional investors CI Financial, NA Ventures, Illuminate Financial, Purpose, and National Bank of Canada’s NA Ventures participated in the equity investment, which was led by MissionOG, a U.S.-based existing investor. New investor FigTree Financial, a renowned multi-family office and d1g1t client, also contributed to the round. The round’s debt facility was organised by CIBC Innovation Banking, a division of Canadian Imperial Bank of Commerce (CIBC) that focuses on technology and innovation.
The financing comes as a result of d1g1t’s ongoing success, which has seen it expand its platform to support thousands of advisors at top wealth management companies and multi-family offices in Canada, the United States, and the Caribbean, managing more than $200 billion in assets. A number of awards have been given to d1g1t in the last year, including the 2023 Fintech Awards’ Best Enterprise Wealth Management Platform, the Deloitte Fast 50, and the WealthTech 100, which recognises the 100 most creative wealth technology businesses worldwide. In addition to scaling operations and continuing its R&D investment to promote product innovation, d1g1t will use the money to accelerate its rapid growth in the U.S.
Dr. Dan Rosen, co-founder and CEO of d1g1t, said, “We are excited to finish this investment round with the assistance of an exceptional collection of leading Fintech investors and strategic partners, which will continue fuelling our steady and sustainable growth. Financial advisers have been mistreated by their segregated tech stacks for far too long. They are therefore less capable than institutional investors. The trust that our partners have shown in us underlines our commitment to empowering wealth management businesses with technology that improves their high-value human advisory services and sets them apart in their client engagement, as well as validating our distinctive value proposition.
The Managing Partner of MissionOG and a member of the d1g1t board, Andy Newcomb, claimed that “d1g1t brings true innovation and a unique blend of functionality and usability to its advisor customers.” “Although the solutions to meet both advisors’ and their clients’ needs have essentially stayed unchanged, both parties’ demands and requirements have grown more complex. In response, d1g1t provides a comprehensive solution that has demonstrated its capacity to satisfy and service some of the most demanding clients in the market.
“We recognise d1g1t’s transformative approach to digital wealth management,” stated Rob Rosen, Managing Director in the Toronto office of CIBC Innovation Banking. “Its sophisticated platform is notable not just for its cutting-edge technology but also for the way it caters to the specific requirements of today’s financial professionals. We are thrilled to be a part of d1g1t’s growth trajectory because we think they have the potential to further alter the industry.
The d1g1t platform helps us accelerate our growth and position ourselves as a leading wealth advisor in the region by giving us a whole new set of capabilities to engage with our clients in real-time and improve their experience, according to Danny Farmer, Co-Founder and Executive Chairman of FigTree Financial. We are eager to strengthen our relationship and work with the d1g1t team to further the use of cutting-edge technologies in asset management.
For advisors, multi-family offices, RIAs, and broker dealers, d1g1t is the top institutional-grade wealth management platform. It enables businesses to improve the calibre of their advise and show clients why it is valuable. The d1g1t platform was developed to replace the disparate collection of legacy systems with a single, integrated platform that controls the complete wealth advice life cycle through a streamlined workflow that is extremely intuitive and simple to use for the entire business. D1g1t is much more than just a reporting platform; it gives senior management, back-office teams, and financial client-facing advisers the operational efficiency and potent intelligence they require in real-time. Leading enterprise risk and portfolio management solutions have been created by the company’s skilled financial technology team for several of the top investment banks in the world.
In industries where we have had success as operators and investors, such as financial services and payments, data platforms, and software, MissionOG partners with fast-growing companies with tested business models. We offer our skills and knowledge to a group of incredibly talented and driven business owners whose companies are poised for rapid expansion. The company is run by investors and operators who have successfully developed early-stage to growth-stage enterprises and assisted them in making successful acquisitions.