TIFIN has raised $109 million in Series D funding at a valuation of $842 million. TIFIN shared that Franklin Resources (NYSE: BEN) and Motive Partners, have joined previous strategic investors. Hamilton Lane (NASDAQ: HLNE) joined as an investor in the Series C round in October 2021. J.P. Morgan Asset Management, Morningstar, and Broadridge joined as an investor in the firm’s Series B round in April 2021. Rob Heyvaert, Founder and Managing Partner of Motive Partners will join the TIFIN board as part of the transaction.
TIFIN is an artificial intelligence (AI) Fintech that “leverages data science, investment intelligence, and technology” to deliver a personalized investor experiences.
Dr. Vinay Nair, founder and CEO of TIFIN, said that hyper personalized experiences are critical fo the future of investment management:
At TIFIN, we are building algorithms to enable this within various wealth and investment journeys, while using natural language processing and conversational AI to simplify the user experience. At the same time, we are enabling digital distribution for our asset management clients using targeted, data-driven and end-to-end automation. We are delighted to have Franklin Resources and Motive Partners join us on this journey, as well as Rob joining our Board. We look forward to working with them and learning from their globally recognized expertise and connectivity in our space. We are also grateful for the support from existing investors including Hamilton Lane and JP Morgan.”
Heyvaert said that it is critical to have an eye on the emerging technologies that can play a crucial role in the reinvention across the industry.
“TIFIN’s pedigree in overlaying data & analytics to drive personalization improvements across businesses is just one area that we believe will be essential in building further value within our portfolio companies. Our team of Investors, Operators and Innovators look forward to partnering with Vinay and the talented TIFIN team to deliver the next generation of financial technology infrastructure.”
TIFIN was founded in 2018 by Dr. Nair, a former Wharton Professor.