About Digits
Digits is a company based in San Francisco (United States) founded in 1995 by Jeff Seibert was acquired by Google in January 2017.. Digits has raised $97.5 million across 3 funding rounds from investors including Google, SoftBank Vision Fund and Benchmark. The company has 26 employees as of December 31, 2022. Digits has completed 1 acquisition, including Basis SO. Digits offers products and services including AI Bookkeeping, AI Financials, AI Invoicing, and AI Bill Pay. Digits operates in a competitive market with competitors including BlackLine, Clear, Wolters Kluwer, HighRadius and Recko, among others.
- Headquarter San Francisco, United States
- Employees 26 as on 31 Dec, 2022
- Founders Jeff Seibert
- Stage Minicorn
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Digits Financial
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Digits
Digits offers a comprehensive portfolio of products and services, including AI Bookkeeping, AI Financials, AI Invoicing, and AI Bill Pay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates transaction categorization and financial records for accuracy.
Provides real-time insights and interactive reports for business metrics.
Streamlines invoice creation and payment tracking for faster collections.
Enables easy approval and processing of bills through a user-friendly interface.
Unlock access to complete
Unlock access to complete
Funding Insights of Digits
Digits has successfully raised a total of $97.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $65 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $65.0M
-
First Round
First Round
(06 Nov 2019)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series C - Digits | Valuation | SoftBank Vision Fund | |
| Apr, 2020 | Amount | Series B - Digits | Valuation | Google Ventures | |
| Nov, 2019 | Amount | Series A - Digits | Valuation | Benchmark |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Digits
Digits has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Google, SoftBank Vision Fund and Benchmark. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments in technology and startups.
|
Founded Year | Domain | Location | |
|
Venture capital investments are offered to promising startups.
|
Founded Year | Domain | Location | |
|
Corporate backed venture capital fund investing in multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Digits
Digits has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Basis SO. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Financial management and planning software for businesses
|
2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Digits
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Digits Comparisons
Competitors of Digits
Digits operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BlackLine, Clear, Wolters Kluwer, HighRadius and Recko, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based accounting processes are automated for businesses.
|
|
| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
|
|
| domain | founded_year | HQ Location |
Enterprise legal processes are managed via an AI-powered platform.
|
|
| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
|
|
| domain | founded_year | HQ Location |
Cloud-based transaction management and reconciliation solutions are offered for businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Digits
Frequently Asked Questions about Digits
When was Digits founded?
Digits was founded in 1995 and raised its 1st funding round 24 years after it was founded.
Where is Digits located?
Digits is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Digits?
Jeff Seibert is the current CEO of Digits. They have also founded this company.
Is Digits a funded company?
Digits is a funded company, having raised a total of $97.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10.5M, raised on Nov 06, 2019.
How many employees does Digits have?
As of Dec 31, 2022, the latest employee count at Digits is 26.
What does Digits do?
Founded in 1995 in San Francisco, United States, Digits operates in the mobile authentication sector. SMS confirmation codes are sent to users for identity verification on Android, iOS, tvOS, and web platforms. Support is extended to over 34 languages across 223 countries. Clients such as BuzzFeed, Periscope, and Dubsmash have been served. The company was acquired by Google in January 2017, integrating its technology into Firebase phone authentication.
What products or services does Digits offer?
Digits offers AI Bookkeeping, AI Financials, AI Invoicing, and AI Bill Pay.
How many acquisitions has Digits made?
Digits has made 1 acquisition, including Basis SO.
Who are Digits's investors?
Digits has 22 investors. Key investors include Google, SoftBank Vision Fund, Benchmark, Google Ventures, and 20VC Fund.
What is Digits's valuation?
The valuation of Digits is $565M as of Mar 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.