Mark Rodrigues, partner at Illuminate

Toronto based  d1g1t, digital wealth management platform powered by analytics that offers advanced, transparent portfolio management services has announced that it has received an additional CAD$3 million in Series A financing from Illuminate Financial Management. This Series A funding has raised the Toronto based startup’s funding to CAD$12 million. The funding will enable d1g1t to accelerate its product innovation for its wealth advisory platform and further spread its reach in the United States market.

Mark Rodrigues, partner at Illuminate, who will join d1g1t’s board of directors comments “The wealth industry is at a crossroads and ready for change, we believe there is a huge opportunity for an end-to-end platform which streamlines the existing infrastructure and brings institutional-grade analytics to the underserved wealth market. The firms using d1g1t’s platform have not only improved internal efficiencies, but also accessed a whole new set of capabilities which allow them to deliver an exceptional experience to their clients. We’re very excited to add d1g1t to our portfolio and support an experienced management team with a proven track record of delivering advanced solutions to top financial institutions around the world.”

d1g1t was created to transform the patchwork of legacy systems with a single, integrated platform that manages the entire wealth management advisory life cycle through a workflow that is easy-to-use by the entire firm. The platform empowers advisory firms to scale up the high-value, human services that set them apart in an increasingly competitive and automated world.

 

 

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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