Tifin, a Boulder, CO- and NYC-based fintech platform using AI for wealth and asset management, raised $47m in Series C funding, at $447m valuation.
The round was led by Hamilton Lane (NASDAQ: HLNE), which joined J.P. Morgan Asset Management, Morningstar, and Broadridge.
The company intends to use the funds to continue to expand operations and its business reach via additional acquisitions, as well as working with the strategic partners to accelerate their fintech innovation initiatives.
Founded in late 2018 by Vinay Nair, PhD, a former Wharton Professor and successful entrepreneur, Tifin uses data and investment driven intelligence to drive personalization for wealth management, and digital distribution for investment managers. To deliver personalization to the investment management industry, the company operates two divisions, including:
- Magnifi, a search-powered marketplace for investments; and
- Financial Answers, a consumer platform built on financial media.
Tifin works closely with its strategic investors to facilitate innovation in the industry, and will partner with Hamilton Lane to explore adding alternatives to its suite of WealthTech capabilities.
The firm’s executive committee consists of Jack Swift, Anil Arora, and Sharon French in addition to Dr. Nair.