editorial
Canadian wealth management platform d1g1t has announced the closure of a combined equity and debt financing round. The equity investment was led by existing US-based investor MissionOG, with participation from other institutional investors including CI Financial, National Bank of Canada’s NA Ventures, Illuminate Financial, and Purpose Financial, as well as existing angel investors. New investor FigTree Financial, a leading multi-family office and client of d1g1t, also participated in the round. The debt facility was led by CIBC Innovation Banking, the technology division of Canadian Imperial Bank of Commerce.
d1g1t’s platform aims to enhance the quality of advice provided by wealth management firms, demonstrating its value to clients. The platform consolidates multiple legacy systems into a single integrated solution, streamlining workflow processes. d1g1t has enjoyed rapid growth since its launch, now servicing thousands of advisors at wealth management firms and multi-family offices in Canada, the US, and the Caribbean. The platform currently manages over $200 billion in assets.
The company has received recognition for its achievements, including honors such as Deloitte’s Fast 50, the Best Enterprise Wealth Management Platform in the 2023 Fintech Awards, and a place on the WealthTech 100 list of the world’s most innovative wealth tech companies.
With the latest funding, d1g1t plans to continue expanding in the US, scaling its operations, and investing in research and development to enhance its platform capabilities and drive product innovation.
d1g1t’s co-founder and CEO, Dr. Dan Rosen, expressed excitement about the funding and the company’s future growth prospects.
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