The financial technology platform, TIFIN confirmed recently that the company has secured $109 million in its Series D funding round to expand its operations. Franklin Resources and Motive Partners participated in the investment round.
Additionally, TIFIN’s existing investors enhanced their investment in the fintech platform. In October last year, Hamilton Lane joined TIFIN as an investor for the company’s Series C round. As part of the recent transaction, Rob Heyvaert, the Founder and Managing Partner of Motive Partners, will join the Board of TIFIN.
TIFIN has almost doubled its valuation since the company’s Series C round. Founded in 2018, TIFIN delivers a personalized investor experience through technology-driven solutions.
"As we focus on identifying and growing value within the financial technology sector, 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," said Rob Heyvaert, the Founder & Managing Partner of Motive Partners.
Expansion Plans
According to the details shared by TIFIN, the fintech firm is planning to expand its presence outside the US. The funding will help TIFIN in the development of innovative products to facilitate investors. Vinay Nair, the Founder and CEO of TIFIN, believes that the use of AI and NLP will simplify the user experience.
“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,” Nair said.
