Fintech startup Digits secured $22 Million in Series B funding led by GV

Digits, a California, and San Francisco based financial tech startup is now coming out with a stealth mode and secured $22 Million in Series B funding round.

The round which follows the $10.5 million in the Series A funding round secured in the month of November last year, was backed by the GV with participation from Benchmark and others.

Digits is founded by Jeff Seibert and Wayne Chang. It offers a Digits for Expenses, a platform for a real-time analysis which gives users a complete, real-time understanding of expenses.

The platform integrates into an existing accounting package and connects with some of the existing financial institutions, to amplify and reinforce the existing accountant work.

Executive Opinion

Jessica Verrilli, General Partner, at GV’s, said, "Jeff and Wayne are masterful at creating intuitive, high-utility products from complicated data. I saw this up close with Crashlytics and Twitter, and I’m thrilled to partner with them on Digits as they reimagine financial software for startups."

Digits's Latest Funding

Post funding, Peter Fenton, the General Partner at Benchmark, and Jessica Verrilli, the General Partner at GV’s will going to join as the Digits, Board of Directors.

The company, as of now, has plans to use the new funds to publicly launch, expand operations, and its development efforts.