SigFig

SigFig

Financial technology for digital wealth solutions

About SigFig

Simplify's Rating
Why SigFig is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Series E

Total Funding

$109.4M

Headquarters

San Francisco, California

Founded

2006

Overview

SigFig develops financial technology that focuses on enhancing the customer experience in financial services. Their products include a modular ecosystem that features tools for needs discovery, remote collaboration, and digital wealth management. These tools help financial institutions like UBS, Wells Fargo, and Santander to quickly adapt and provide their customers with effective solutions for achieving their financial goals. Unlike many competitors, SigFig emphasizes a customer-centric approach and offers a suite of products that can be tailored to the specific needs of each institution. The company's goal is to drive digital transformation in the financial services sector by enabling institutions to innovate and improve their service offerings.

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Simplify's Take

What believers are saying

  • Growing demand for digital wealth tools boosts SigFig's market potential.
  • Expansion of partnerships with banks and credit unions increases revenue opportunities.
  • Rising popularity of ETFs aligns with SigFig's recent product launches.

What critics are saying

  • Loss of key personnel may impact strategic partnerships and growth.
  • Increased competition in the robo-advisory space challenges SigFig's market position.
  • Dependence on large financial institutions may limit flexibility and innovation.

What makes SigFig unique

  • SigFig offers a modular ecosystem for digital wealth solutions and remote collaboration.
  • Partnerships with major financial institutions enhance SigFig's market credibility and reach.
  • SigFig's focus on customer-centric design sets it apart in the fintech industry.

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Funding

Total Funding

$109.4M

Below

Industry Average

Funded Over

6 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Below Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Benefits

Health Insurance

Dental Insurance

Life Insurance

401(k) Retirement Plan

401(k) Company Match

Phone/Internet Stipend

Paid Parental Leave

Paid Sick Leave

Unlimited Paid Time Off

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-6%

2 year growth

3%
Newswire
Sep 19th, 2023
Nomis Solutions Names Dan Mercurio as Global Head of Sales

Mercurio joins Nomis from SigFig, where he served as chief revenue officer, overseeing sales, marketing, and customer success and played a key role in building and managing partnerships with large banks and wealth management firms.

The Paypers
Feb 28th, 2023
Santander partners with SigFig

Spain-based Santander Bank has announced its partnership with US-based fintech SigFig to incorporate digital tools into the investment process of customers.

Business Wire
Sep 28th, 2022
Sigfig Adds Chief Revenue Officer Role To Accelerate Commercial Growth

SAN FRANCISCO--(BUSINESS WIRE)--SigFig, the leading US-based enterprise financial technology firm that develops next-generation products for financial institutions, bankers, advisors, and their customers, today announced the addition of the Chief Revenue Officer role, promoting SigFig executive Dan Mercurio effective immediately. The Company’s continued growth comes at a period of strong demand for financial advice which today requires sophisticated needs discovery capabilities, cutting-edge digital wealth management tools and remote, immersive, and highly personalized guided advisory experiences. One of the pioneers in BtoC robo advice, SigFig now partners with five of the largest financial institutions in the United States and Canada and has formed additional partnerships with retail banks and credit unions this year. Additionally, SigFig is poised to launch its latest product, SigFig Engage, a customer collaboration and advice platform built specifically for financial services. “With the advent of Engage, and the continued digital transformation happening in the market, demand for our product ecosystem is at an all-time high,” said Mike Sha, CEO and Co-founder, SigFig. “Our growth metrics show that we’re on a trajectory to achieve accelerated growth over the next couple of years and I couldn’t be more pleased to have Dan Mercurio help lead that charge as our new Chief Revenue Officer.”

Bobsguide
May 25th, 2022
Santander Group partners with SigFig

Spanish group Santander collaborated with tech group SigFig to launch Santander PathFinder, a robo-advisory service for clients seeking to invest in ETFs.

Wealth Management
Feb 23rd, 2022
SigFig Wealth Management LLC launches Discover

To make itself even more indispensable, SigFig has launched a lead-generation software application, called Discover, and is planning to deploy a remote collaboration tool called Engage.

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