SigFig

wealthtech-retailrobo advisors

FOUNDING YEAR: 2007
LOCATION:
Last Update: 03/07/2020

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About

SigFig provides an easy way to manage your money—simply connect your accounts and they will tailor a portfolio based on your goals. It delivers reports and guidance to more than 800,000 investors, tracking over $350 billion.

Focus

PRODUCTS & SERVICES

Portfolio Tracker, Asset Manager, Diversified Income. It helps investors track all accounts in one place and helps to get weekly updates.

REVENUE MODEL

The company makes money by taking a commission on referrals to local financial advisors, as well as new brokerages or investments you take on through the site's recommendations.

MAIN CLIENTS

Retail Investors

EXISTING PARTNERSHIPS

Yahoo Finance

CNN

USA Today

TD Ameritrade

Fidelity

Charles Schwab

COMMENT

One of the most interesting features of SigFig is its fund and stock advice. SigFig will tell you which investments are underperforming or have high fees and suggest alternatives.

Traction

VALUATION / MARKET CAP:

$412 M in 2016

ACTIVE USERS:

0.8000

People

FOUNDERS

Parker Conrad

Mike Sha

BOARD MEMBERS AND ADVISORS

General Atlantic

Bain Capital Ventures

DCM Ventures

Eaton Vance

New York Life Insurance

Nyca N

UBS U

Union Square Ventures

Comerica C

Santander InnoVentures

Radian Capital

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Bain Capital Ventures

Bain Capital Ventures

Bain Capital Ventures

Comerica Bank

DCM

DCM Ventures

DCM Ventures

Eaton Vance

General Atlantic

General Atlantic

New York Life

Nyca Partners

Santander InnoVentures

Santander InnoVentures

Santander InnoVentures

UBS

Union Square Ventures

Union Square Ventures

Union Square Ventures

Momentum

FUNDED

YES

TOTAL FUNDING

$112.5 M

DATE OF LAST FUNDING

Jun 2018

TOTAL FUNDING COMMENT

The company is planning to use the funds into new technology and also to expand its service to larger FIs like current partners UBS and Wells Fargo. (June 2018)

FUNDING SERIES

SERIES A  · $2.5 M  · Oct 2007

SERIES B  · $15 M  · Jul 2013

SERIES C  · $11 M  · Jun 2014

SERIES D  · $33 M  · May 2016

SERIES E  · $50 M  · Jun 2018

OTHERS  · $1 M · Apr 2015

LISTED

NO

BASICS

FOUNDING YEAR:

2007

LOCATION:

Views:

553 VISITORS | 983 VIEWS
LATEST FUNDING ROUND

$113 M

TOTAL EMPLOYEES
51-200

About

SigFig provides an easy way to manage your money—simply connect your accounts and they will tailor a portfolio based on your goals. It delivers reports and guidance to more than 800,000 investors, tracking over $350 billion.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

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