Led · Equity · Jun 2021

d1g1t is an institutional-grade wealth management platform led by co‑founder and CEO Dr. Dan Rosen, based in Toronto. The platform serves advisors, multi‑family offices, RIAs and broker-dealers with end-to-end workflows for reporting, operational efficiency and intelligence. The company says it has grown to service thousands of advisors across Canada, the U.S. and the Caribbean and manages over $200 billion in assets. d1g1t has been recognized with awards including Deloitte’s Fast 50, Best Enterprise Wealth Management Platform in the 2023 Fintech Awards, and a place in the WealthTech 100. The company will use the recent financing to continue rapid U.S. expansion, scale operations, and invest in R&D to expand platform capabilities and advance product innovation. d1g1t offers an enterprise-grade wealth management solution that combines analytics and risk-management tools to empower advisors and institutional wealth firms. The company plans to use the new proceeds to expand platform capabilities, accelerate product innovation, scale operations, and hire additional sales and marketing staff. Reported operating momentum includes doubling revenue and growing employee headcount by more than 50% in the last year. d1g1t now has more than 60 employees supporting wealth management companies, multi-family offices, RIAs and broker-dealers that serve high-net-worth and ultra-high-net-worth investors (those with at least $30M). Founded in 2016, the firm is focused on continued growth and solidifying its market presence in the U.S. wealth management sector. d1g1t provides an enterprise wealth management platform powered by institutional-grade analytics and risk management tools that helps firms improve the quality of their advice and demonstrate its value to clients. Its integrated platform manages the entire wealth management advisory life cycle through a seamless, intuitive workflow usable by the entire firm. The company received a CAD$3M strategic financing as an extension of its Series A, bringing total raised to over CAD$12M. d1g1t will use the funds to accelerate product innovation for its wealth advisory platform and to further commercial expansion into the United States market. Dan Rosen is CEO and co-founder, and Illuminate Financial Management’s Mark Rodrigues will join d1g1t’s board of directors. d1g1t is an enterprise wealth management platform that provides portfolio management, analytics and client servicing tools to professional advisors and their individual investors. The platform delivers enterprise-wide portfolio and client management capabilities, individualized goal-based planning, sound risk management and investment analytics to support investment decisions. It integrates the client management lifecycle from onboarding and financial and investment planning to portfolio monitoring, rebalancing, trading and compliance, enabling advisors to focus on client needs and scale their businesses. At the time of the round the platform was going live with four clients responsible for managing approximately CAD $13 billion of assets under management for over 5,000 households. The company intends to use the Series A proceeds to continue to expand its offerings. d1g1t was co-founded by Dan Rosen, Philippe Rouanet and Benoit Fleury, who previously co-founded R2 Financial Technologies (acquired by S&P Capital IQ) and were senior executives at Algorithmics (acquired by IBM).

Participated · Equity · Apr 2019

Lendified operates a small-business lending platform through its subsidiary Lendified Inc. and a SaaS AI-enabled credit origination and analytics platform through its subsidiary JUDI.AI. The company is a federally incorporated private lending company based in the Province of Ontario and was founded in February 2015. In January 2020 Lendified announced it is completing a reverse takeover of Hampton Bay Capital Inc. alongside a concurrent private placement financing. In February 2020 Lendified launched a $4 million private placement and made the offering available to a broader investor base via DealSquare and FrontFundr. The company intends to use the reverse takeover and financing as steps toward going public later in the year. The articles do not disclose revenue or user metrics. Lendified offers online loans to small businesses across Canada and a SaaS credit platform (Judi.ai) for financial institutions across North America. The company was founded by former bank executives and focuses on digital underwriting and credit adjudication technology. Lendified’s technology has been featured in The Globe and Mail, Financial Post, Bloomberg and the Toronto Star. The business has an established commercial relationship with Home Capital and has collaborated on several key initiatives. Lendified and Home Capital are positioning a deeper collaboration to support growth of independent business owners and to develop digital banking solutions. The recent strategic investment from Home Capital is intended to support the company’s ongoing growth in the Canadian small-business lending market. Lendified Holdings is a Toronto-based financial technology company that provides online loans to small businesses across Canada and a SaaS credit platform to financial institutions across North America. Its lending business offers loans up to $150k for terms up to two years. The firm's underwriting is powered by Judi, its credit adjudication platform that enables users to assess, price, and monitor credit risk. Judi is used by credit unions, community banks, and other financial services companies. Launched in 2015 and led by President Kevin Clark and CEO Troy Wright, the company plans to use the latest funding to continue expanding operations. The company closed a $15M funding round in April 2019 to support that expansion. Lendified is a Canada-based small-business lender that provides working capital loans ranging from $5,000 to $150,000 through a simple online application. Borrowers can qualify in minutes, receive an instant quote, and get funding in as fast as 48 hours. The lending process is powered by the Lendified Platform, a customizable AI-powered credit engine the company also offers to financial institutions to enhance adjudication and customer experience. Through its Vault Circle subsidiary, Lendified secured an exempt market dealer license from the OSC and enables accredited investors to invest in its online business loans. The company has received over $220 million in loan requests and says demand continues to rise. A newly announced financing arrangement with ClearFlow increases Lendified's lending capacity and supports its strategy to expand lending across Canada.