Tifin will leverage the new capital to drive its continued growth and additional acquisitions. Credit: Michael Longmire on Unsplash.

Tifin, an AI-driven fintech platform for wealth and asset management, has raised $47m in a Series C funding round at a valuation of approximately $447m.

The financing round comes on the close heels of the firm’s $22.3m series B funding round in April and follows Series A financing, which took place at the end of 2020.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Existing series B investors JP Morgan Asset Management, Morningstar, and Broadridge participated in the round alongside new strategic investor Hamilton Lane.

Tifin said it will combine the new capital with existing funds to drive its continued growth and additional acquisitions.

The firm is also working with strategic partners to help accelerate their fintech innovation initiatives.

Founded in 2018, TIFIN utilises data and investment driven intelligence to customise wealth management, and digital distribution for investment managers.

Last year, the firm sold its tax-aware platform 55-ip to JPMorgan to bolster the advisors’ ability to mobilise model portfolios through smart tax transition plans.

TIFIN founder and CEO Vinay Nair said: “We are delighted to complete our Series C with strong support from our existing investors and welcome our new strategic investment partner, Hamilton Lane.

“Our growth to date is a sign of the potential the combination of financial expertise, AI and software technology has to address issues individuals face in managing their wealth to achieve financial freedom.”

As part of the investment, Tifin will partner with Hamilton Lane to explore including alternatives to its spectrum of WealthTech capabilities.

Hamilton Lane vice chairman and head of Strategic Initiatives Erik Hirsch commented: “We are thrilled to be the newest strategic investor into TIFIN, whose platforms are shaping the future of the individual investor experience.”

In January this year, Hamilton Lane agreed to acquire Denver-based boutique alternative asset management firm 361 Capital.