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SigFig

Modular fintech platform for financial services

Overview

SigFig provides modular financial technology solutions for large banks to improve how they serve customers. Its platform includes SigFig Discover for needs discovery, SigFig Engage for remote collaboration, and SigFig Digital Wealth for digital wealth tools, which banks deploy to transform client interactions and wealth management at scale. The company earns revenue through partnerships and service fees from its bank clients. Its goal is to help financial institutions digitally transform customer experience and offer accessible wealth-management tools.

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About SigFig

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

Industries

FintechFinancial Services

Company Size

51-200

Company Stage

Series E

Total Funding

$112.5M

Headquarters

San Francisco, CA

Founded

2006

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Simplify's take

What believers are saying

  • Santander relaunched PathFinder with SigFig, proving continued bank demand in 2026.
  • August 2024 Engage AI upgrades automate transcripts, summaries, and advisor prompts.
  • October 2026 filings showed clients added $73 million to Bitcoin ETFs across accounts.

What critics are saying

  • UBS ended SigFig's automated investing program in May 2025, cutting flagship distribution.
  • Envestnet, Orion, and Schwab compress pricing and threaten SigFig's bank software margins.
  • If Wells Fargo or Santander internalize advisor software, SigFig's enterprise model collapses.

What makes SigFig unique

  • September 2025 rebrand to Tandems refocused SigFig on enterprise WealthOS software.
  • SigFig serves 2 million accounts and $60 billion AUA across major banks.
  • Its Engage AI tools integrate Salesforce, Docusign, Microsoft, and Google workflows.

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Funding

Total Funding

$112.5M

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
$250M
$1.3B
$1.5B

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

Company News

ETFDailyNews.com
Apr 16th, 2025
Envestnet Asset Management Inc. Increases Stock Position in Invesco BulletShares 2025 Corporate Bond ETF (NASDAQ:BSCP)

United Community Bank purchased a new position in Invesco BulletShares 2025 Corporate Bond ETF in the fourth quarter worth about $120,000.

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.”

Bobs Guide
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.

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