SigFig Raises $50 Million
Financial technology company SigFig closed $50 million in Series E funding. The round was led by General Atlantic, a leading global growth equity firm, with participation from existing investors Bain Capital Ventures, DCM Ventures, Eaton Vance, New York Life, Nyca Partners, UBS, and Union Square Ventures.
Founded in 2007, SigFig’s platform uses data science, technology, and simple design to help empower investors with the information and guidance they need to achieve their financial goals. While consumers can access products through SigFig.com, the company also offers an end-to-end Enterprise Digital Wealth Management platform for financial institutions such as Wells Fargo, UBS, and Citizens Bank. According to the company, these partnerships represent 70 million customers.