Digits Financial, Inc.

Digits Financial, Inc. is a technology company that specializes in automated accounting solutions, enhancing financial management through innovative AI-driven tools for businesses and accounting firms. Founded in 2018 and headquartered in San Francisco, US, Digits Financial, Inc. focuses on automating financial tasks through its unique solutions.

The company was co-founded by Galuh Titisari, Jeff Seibert, and Wayne Chang, with Jeff Seibert serving as the current CEO. Digits has successfully raised USD 65 mn in its Series C funding round led by SB Investment Advisers on March 24, 2022, reaching a post-money valuation of USD 565 mn. The company has completed a total of 3 deals to date. Digits offers an advanced suite of automated accounting solutions designed to streamline financial management for businesses and accounting firms.

Its core product, the Autonomous General Ledger® (AGL), automates tedious financial tasks using AI technology, enabling real-time categorization and integration with multiple financial accounts, including banks, credit cards, and payroll systems. The platform includes functionalities such as AI bookkeeping, dynamic reporting, and actionable insights, effectively transforming traditional accounting practices into efficient, automated processes. Digits targets small to medium-sized enterprises across various sectors, serving business owners, accountants, and financial teams, mainly in the United States, Canada, and the United Kingdom. Digits operates on a subscription-based revenue model with tiered pricing plans.

The Essentials plan is available for USD 65 per month, providing basic bookkeeping features, while the Core plan, priced at USD 100 per month, offers additional functionalities such as reporting and deeper financial insights. Clients engage with the platform through monthly subscriptions, gaining access to flagship products like AI Financials and AI Bill Pay, which facilitate automated accounts payable and real-time financial monitoring. The company’s B2B focus includes forming partnerships with accounting firms to enhance service offerings and drive revenue through collaborative solutions. Following the Series C funding round in March 2022, Digits Financial, Inc.

plans to utilize the raised USD 65 mn to develop new products and expand into new markets. The company aims to enhance its product offerings, though specific new products and release dates are not detailed at this time. Furthermore, Digits is looking to broaden its reach beyond current markets, targeting additional regions to further its growth strategy. With the latest funding, Digits is well-positioned to support these initiatives and continue advancing its innovative financial solutions.