The CAD$3 million raised is an extension of their Series A round bringing the total raised to over CAD$12 million as d1g1t continues product innovation and accelerates expansion into the US market.
d1g1t Inc., a provider of enterprise wealth management solutions powered by institutional-grade analytics and risk management tools, has raised CAD$3 million from Illuminate Financial Management in order to accelerate product innovation for its industry-leading wealth advisory platform and further commercial expansion into the United States market.
Dan Rosen, CEO and co-founder at d1g1t, commented: “What good is data without good analytics? Advisors need to be able to respond efficiently to client demands and share valuable insights in real-time about clients, portfolios and the business across the organization. Stronger collaboration occurs when everyone is on the
same page. We feel very fortunate to have Illuminate as our partner who joins an amazing group of highly-regarded FinTech investors. We’re looking forward to leveraging their deep expertise and network as we set new standards in the wealth management industry”.
d1g1t transforms the patchwork of legacy systems and empowers advisory firms to scale up the high-value, human services that set them apart in an increasingly competitive and automated world. Its single integrated solution covers the entire advisory lifecycle, Mark Rodrigues, partner at Illuminate, who will join d1g1t’s board of directors.
“The wealth industry is at a crossroads and ready for change. We believe there is a huge opportunity for an end-to-end platform which streamlines the existing infrastructure and brings institutional-grade analytics to the undeserved wealth market. The firms using d1g1t’s platform have not only improved internal efficiencies, but also accessed a whole new set of capabilities which allow them to deliver an exceptional experience to their clients. We’re very excited to add
d1g1t to our portfolio and support an experienced management team with a proven track record of delivering advanced solutions to top financial institutions around the world.”
Based in Ontario, d1g1t provides an end-to-end automated technology platform for onboarding, individualized and model portfolios, trading connectivity and execution, and limits, compliance and trading strategies.
Risk appetite recovered in the market today on easing tensions between China and U.S. but Italian debt woes capped gains in European market influencing dovish price action.
On The Lookout: Geo-political issues remain the main driving force behind price rally in global equity market. Tension surrounding Sino-U.S. trade war woes have eased off a bit but caution remains as traders await further headlines on schedule for trade talks between two nations. Traders also remain wary to safe guard their investment against possible move from China on imposing retaliatory tariffs on US Goods or selling off US bonds in large quantity as negotiation tactics to force U.S.A. which could trigger another wave of sharp sell-off. On Brexit front, 
Despite caution on escalating trade war tensions between China and U.S. optimistic comments from China and US helped improve risk appetite influencing positive activity in European markets.
On The Lookout: Sino-U.S. trade war related headlines remains in focus today. So far both parties have expressed willingness to continue trade related negotiations and US President Donald Trump is expected 
Global equity markets is seeing two tone price action ahead of American market hours as headlines and investor sentiment based price action dominated price rally. Forex market continues to see range bound action owing to lack of directional bias ahead of FOMC Update.
On The Lookout: Given the fact that US economic calendar lacks major macro data updates for the day, price action in US Wall Street and major forex instruments are likely to be influenced by broad based investor sentiment. Wall Street is unlikely to see any major moves today as all eyes are now focused on US Federal Reserve’s interest rate decision and forward guidance data for directional cues before placing major bets. The third vote in UK parliament on PM May’s Brexit deal has been cancelled as speaker denied the government request stating that deal needs modification owing to current deal being rejected by lawmakers in previous vote. This situation has now left EU in control of UK’s request for Brexit deadline extension and according to the headlines the outcome at this moment could go in either direction. This scenario is expected to limit price action in forex market for rest of the week and while there may be some sharp swings, it is unlikely to EURO or GBP to see a breakout rally ahead of Friday’s EU vote.
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