New partnership and capabilities follow the recent spin-off of TIFIN AG with a seasoned board
BOULDER, Colo. and NEW YORK, March 26, 2024 — TIFIN, a leading AI and innovation platform for wealth, announces an acquisition of assets for its TIFIN AG platform to increase its capability to help wealth management firms drive organic growth through net new assets. In partnership with the strategic operating and investing firm WestCap, TIFIN AG is set to acquire capabilities from the firm’s in-house Technology Practice which is dedicated to building AI and data science solutions for WestCap and its portfolio companies.
The acquisition will include multiple analytical models that will be integrated into TIFIN AG’s current growth packages, and create a new firm acquisition package for wealth enterprises on TIFIN AG. In addition, WestCap will take a minority equity stake in TIFIN AG. This partnership is aligned with WestCap’s continued focus on building innovative products and tools that propel industries forward.
“We have been steadfast with our focus at TIFIN AG to utilize the most advanced AI models to bring more individuals into the world of financial advice and help firms grow,” commented TIFIN Partner, Cor Hoekstra. “This partnership with WestCap allows us to accelerate our impact by integrating their expertise and models to our wealth enterprise clients.”
For more information about TIFIN AG, please visit tifinag.com, or follow the firm on LinkedIn here.
About TIFIN
TIFIN is an AI and innovation platform for better wealth outcomes. Founded by Dr. Vinay Nair, TIFIN creates and operates new companies that apply data science, AI, and technology to address frictions in wealth and asset management. TIFIN’s companies have included 55ip (sold to JP Morgan), Paralel and currently include Magnifi, TIFIN Wealth, TIFIN Give, TIFIN AG, TIFIN AMP, Sage, Helix, and TIFIN @Work. TIFIN has been backed by JP Morgan, Morningstar, Hamilton Lane, Franklin Templeton, SEI, Motive Partners, and Broadridge among others.
About WestCap
WestCap is a strategic operating and investing firm that partners with visionary leaders to build generational businesses. Our team consists of seasoned industry leaders and entrepreneurs who guide companies through the most pivotal stages of growth. With more than $5.8 billion in assets under management, WestCap and its partners have invested more than $5.6 billion of capital in revolutionary companies such as Airbnb, StubHub, Ipreo, Addepar, Hopper, iCapital, Klarna and GoodLeap. The firm has offices in New York, San Francisco and London. For more information, please visit www.westcap.com.
The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for informational purposes only.