Fin-tech accelerator Tifin Group raises $22.3M

BOULDER — The Tifin Group LLC has raised $22.3 million in its Series B, with involvement from the investment arms of JPMorgan Chase & Co. (NYSE: JPM), Morningstar Inc. (Nasdaq: MORN) and Broadridge Financial Solutions Inc. (NYSE: BR).

The Tifin Group is a holding company for nine financial-tech startups providing automatic savings services for consumers, portfolio design tools for retail investors and professional wealth managers. It acts as an incubator for those startups and others in the financial-technology realm.

In a statement, the Boulder-based Tifin said it will use the new funds to continue acquisitions of fin-tech startups and act as consultants to JPMorgan, Morningstar and Broadridge’s technology innovation efforts.

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The company has not filed a fundraising disclosure to the U.S. Securities and Exchange Commission as of Tuesday morning. It most recently raised approximately $5.37 million last March, according to securities records.

The company is headquartered in Boulder and has satellite offices in New York City and Mumbai, India. It did not respond to a request for additional comment Tuesday morning.

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