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SigFig
Robo-advisory and customer engagement software
- 101-200 employees
- Fintech
- B2C
- B2B
- Personal finance
- Investing
- Financial Services
- Pacific Heights, San Francisco, CA
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Company mission
To open up access to simple and affordable investing for anyone, no matter their experience.
-29% employee growth in 12 months
Our take
Automated robo-advisors have made huge changes to the investment landscape in recent years, with players like Betterment and WealthFront leading the charge. SigFig has identified a niche by selling white-label robo-advisor services to financial services firms like Wells Fargo, UBS, and Citizens Bank.
SigFig's automated wealth management toolkits include robo-advisors, tools to improve tax efficiency, portfolio diversification advice, and other investment account management tools. They make money by selling this toolkit under a license to financial services firms and by taking a percentage of the assets that are managed using its technology. It also operates "SigFig for Consumers", which enables users to build smart and tax-efficient investment portfolios for a much lower cost than traditional advisors.
To remain competitive into the future, SigFig has executed and planned the launch of new offerings including Discover, a lead-generation software application, and a remote collaboration tool called Engage.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Health & Wellness: We provide high-quality health, dental, and vision insurance covered at 100% for our employees. We also provide a $1,000 annual wellness benefit to help our employees thrive
- Flexible Time Off: We’re not keeping score on time off, because we know we do our best work when we’re rested and refreshed. We shut down the company for a Gratitude Week at the end of the year
- Learning & Development: Offering meaningful challenges within work and external resources beyond work enable our team to grow
- Financial Wellbeing: In addition to annual 401k matching, we offer new US employees $1,000 for opening and funding their own SigFig.com investment account
- Company Ownership: As a start-up with a long-term vision, we grant generous equity options to our employees, for hiring, bonuses, and promotions
- Living that Remote Life: Talent isn’t limited by geography, which is why we have adopted a remote-first work environment and have employees in multiple states and countries
Company values
- Customer Delight: We approach decisions from the lens of doing what’s best for our customers in order to generate meaningful value and long-term impact
- Make It Happen: We generate impactful results through a combination of ownership, bias for action, and creative problem-solving. The fire in our bellies burns bright
- Think Big: We challenge the status quo and find opportunities to create exponential improvement. We embrace diverse views and new ideas to help see opportunities in new ways
- We Over Me: It takes a village to accomplish great things and we expect greatness from our performance. We collaborate with respect, transparency, humility, and empathy. We succeed only when our team, partners and consumers succeed
Funding (last 2 of 6 rounds)
Jun 2018
$50m
SERIES E
May 2016
$33m
SERIES D
Total funding: $112.5m
This company has top investors
Leadership
Mike Sha
(CEO)Having studied Computer Science at Harvard, Mike worked for 3 years as an Amazon Senior Manager, before spending 5 years as co-founder and CEO of Wikinvest. They left this role in 2011 to co-found SigFig.