d1g1t Inc., the enterprise financial technology company serving the wealth management industry, announced today that it has closed its second round, Series A financing to fund the continued growth of its enterprise digital wealth management platform. Powered by advanced analytics and risk management tools, the d1g1t platform offers transparent portfolio management services to professional advisors and their clients.
d1g1t has raised over CAD $9 million in two private investment rounds lead by Purpose Financial, headed by Som Seif and backed by the Ontario Municipal Pension Retirement System (OMERS). Other investors include highly-regarded Fintech investors Extreme Venture Partners and Portag3, as well as a group of angel investors and d1g1t clients.
d1g1t‘s innovative cloud-based platform delivers to financial advisors and their clients greater transparency and enhanced communication that generates trust, as well as an enriched client experience. Its advanced enterprise portfolio and client management capabilities enable advisors to better manage their portfolios and provide their clients with sound investment decision support based on individualized goal-based planning tools, sound risk management and investment analytics.
The d1g1t enterprise wealth management platform is going live with four clients, responsible for managing approximately CAD $13 billion of assets under management (AUM) for over 5,000 households.
“The wealth management industry has been underserved by modern technology,” said Dr Dan Rosen, co-founder and CEO d1g1t. “We have engineered our platform to empower advisors to provide proven, transparent, value-added services built around client goals, a richer customized experience for their clients, and stronger client relationships based on long-term trust.”
The end-to-end platform allows advisors to focus on client needs and scale the business by integrating the entire client management lifecycle from client onboarding and financial and investment planning, to portfolio and client monitoring, portfolio rebalancing, trading and compliance.
d1g1t is co-founded by veteran Fintech entrepreneurs, Dan Rosen, Philippe Rouanet and Benoit Fleury, who previously co-founded R2 Financial Technologies, (acquired by S&P Capital IQ) and before that were senior executives of Algorithmics Inc. (acquired by IBM).
Purpose Financial is both a lead investor in d1g1t and a client. Its Purpose Advisory Solutions platform has been working with d1g1t for the last 12 months, as one of the four early development clients.
“We’re excited to support d1g1t in its roadmap as we feel our industry has done little to invest in technology to support advisors and allow them to optimize their portfolio strategies and client experiences,” said Som Seif, CEO of Purpose. “d1g1t provides an unparalleled end-to-end platform to run a modern advisory business which enables advisors to manage much bigger books more efficiently. Advisors and business leaders can now manage their business real-time through business intelligence and continuity reports, advisors can focus on value added activities, and their families and clients can get full transparency through an integrated client experience and modern reporting.”
To learn more please visit: https://www.d1g1t.com.
About d1g1t Inc.
d1g1t provides a new digital end-to-end wealth management platform powered by sophisticated analytics and risk management tools, offering transparent portfolio management services to professional advisers and their individual investors. Headquartered in Toronto, the company is founded by an experienced team of financial technology experts who have developed some of the leading portfolio systems for banks, institutional asset managers, hedge funds, pension funds, insurance companies, and regulators around the world.
SOURCE d1g1t Inc.
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