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
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.