new yorkbased smartasset series ttv capital

by providing an incredibly valuable resource for both consumers and financial advisors alike,” TTV Capital Partner Mark Johnson said. “SmartAsset is quickly expanding its lead in one of the largest markets in the U.S.

With 202 full-time employees currently on board, SmartAsset is seeking to expand its workforce by more than 75% this year. The company also pointed to the growth it has experienced since its last major funding in 2018 – growing revenues by 10x and nearing $100 million in annual recurring revenue – to support its goal of “aggressively” adding to its workforce. “With this additional capital we are going to make further investments in building the web’s best personal finance resource and enhancing our ability to connect consumers to financial advisors across the U.S.” Specifically, SmartAsset noted in its funding announcement that it will invest in new product offerings, technology infrastructure, and data partnerships. “Our mission is to help people get better financial advice,” SmartAsset founder and CEO Michael Carvin said. The company secured a $110 million investment in a Series D round led by TTV Capital that takes SmartAsset’s valuation to more than $1 billion. Mark Johnson, TTV Capital Partner, says the company is rapidly expanding its leadership in one of the largest markets in the United States, providing incredibly valuable assets for both consumer and financial advisors.SmartAsset, a fintech that helps individuals connect with qualified financial advisors and improve their overall financial health, announced a major fundraising this week. It plans to increase its current headcount of 202 by more than 75% this year. The company plans to use the new capital to invest in new product offers, technology infrastructure and data sharing. So the pair launched SmartAsset to provide tools and materials to help them make better decisions about retirement, taxes, savings, home ownership and insurance. In an interview with Y Combinator (one of its supporters), how did he manage to join the military in search of a smart asset with Philip Camillary because of his frustration with information about buying a home and getting a mortgage “that was useful, accurate and neutral”? “The calculators had obvious flaws and the content looked like it was written by all the people who wanted me to figure out the biggest mortgage,” he added. Prior to starting the company, he worked at Carvin Finance. In addition to teaming up with consumers with its automated financial modeling software, SmartAsset claims to reach more than 100 million people each month with its personal money content, tools and “personalized” calculators. It recently matched its one millionth customer / advisor on its SmartAdvisor platform.Īlso in 2020, SmartAsset said it had allocated $10 billion in management advisory (AUM) to financial advisors and firms in the United States. Since then, it says it has increased revenue by “tenfold” and is now moving towards reaching ARR (annual recurring earnings) of $100 million. The company was last raised in June 2018 – a $28 million Series C led by Focus Financial Partners. Led by TTV Capital, SmartSet’s Series D included Javelin Venture Partners, Contour Venture Partners, City Ventures, New York Life Ventures, North Bridge Venture Partners, and CMFG Ventures. The funding valued New York-based SmartSet at more than $1 billion, bringing the total rose since 2012 to over $161 million, according to Crunchbase. SmartSet, a marketplace that connects customers with financial advisors, announced today that it has raised $110 million to fund the Series D round.

New yorkbased smartasset series ttv capital