Digit Raises $27.5M Series C Funding Round
Summary
The company intends to use the funds to continue to expand operations and its business reach. Led by Ethan Bloch, Founder and CEO, Digit analyzes spending and automatically saves the perfect amount every day, allowing people not to think about it. The company started as a savings tool, creating a new ‘auto-save mode’ to remove the stress and effort of saving money for the everyday and long-term. By connecting directly to members’ banks, Digit automatically and intelligently allocates money towards their savings goals, ensuring personalized and steady progress towards financial health. So far, members have set over 8 million goals and on average save over $2,000 a year.
Funding
Amount
$27.5M
Total raised
Date
September 30, 2019
Announcement date
Investors
-
Lead investors
Company
https://digit.co/
Funded company
Classifications
industries
InsurTech
applications
Fraud & Anti-money laundering
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Digit
$1M to $5M