d1g1t Inc.

Toronto-based d1g1t is an enterprise wealth management platform that provides portfolio management services to professional advisors and their clients. The d1g1t platform allows users to access the enterprise professional app (where data on past performance, current exposures, and risk and returns are available), investor’s app (in which real-time portfolio monitoring and activities are tracked), and end-to-end automated technology platform (in which trading execution and portfolio management are automated with advanced rebalancing). The platform was initiated with approximately USD 9.7 billion in AUM and four clients managing more than 5,000 households, in 2018. The company claims to have doubled its revenue during 2020 and as of June 2021 employed around 60 staff.

In March 2022, d1g1t entered into a partnership with the National Bank Independent Network (a subsidiary of the National Bank of Canada). NBIN offers services such as asset custody, trade execution, and brokerage solutions for wealth management firms. Through this partnership, NBIN will deploy d1g1t’s client engagement tools, analytics, risk management, and reporting capabilities for a portion of its clients. In the same month, d1g1t announced another partnership with FutureVault, a Toronto-based entity that operates a digital vault and document exchange platform. Through this partnership, d1g1t was to integrate FutureVault’s document retention, compliance, and file-sharing capabilities with its portfolio management, trading, reporting, and risk and analytics tools.

In June 2021, the company raised CAD 16 million (USD 13 million) in a funding round led by CI Financial Corp to develop its platform, launch new products, and expand operations including its sales and marketing team as well as strengthen its presence in the US wealth management market.