Franklin Templeton and Motive Partners Lead Series D in TIFIN
Posted on 05/12/2022
Founded in 2018 by Vinay Nair, Tifin, LLC (TIFIN) is a fintech platform using artificial intelligence (AI) and investment-driven personalization. TIFIN closed US$ 109 million in a Series D financing round. TIFIN manages Magnifi, a search-powered marketplace for investments.
Franklin Resources (NYSE: BEN), a global investment manager operating under Franklin Templeton, and Motive Partners, an investment firm focused on technology enabled companies that power the financial services industry, join previous strategic investors. Hamilton Lane (NASDAQ: HLNE), a private markets investment manager, joined as an investor in the Series C round in October 2021. J.P. Morgan Asset Management, Morningstar, and Broadridge joined as an investor in the firm’s Series B round in April 2021. Rob Heyvaert, Founder and Managing Partner of Motive Partners will join the TIFIN board as part of the transaction.
The latest round brings TIFIN’s valuation to US$ 842 million. The increase in valuation from its series B (US$ 184 million) and series C (US$ 447 million) over the past year reflects the growth in TIFIN’s product offerings, users and revenues.
Keywords: Tifin LLC.
