SigFig, the fastest and most convenient automated investment service, today announced the addition of a number of veteran advisors focused on bringing SigFig investment solutions to the mass market along with a strategic investment of $1 million by Nyca Partners.
Having raised over $30 million, SigFig plans to accelerate its mission to reinvent the world of retail investing by making high quality investment advice easier, more accessible, and more affordable for anyone.
Nyca Partners is a venture capital firm focused exclusively on applying innovation and financial services into the global financial system. Their deep experience in both finance and technology gives Nyca a unique perspective to help drive entrepreneurs to transform financial infrastructure. “SigFig sees the extraordinary opportunity to marry scalable automated investment advising with mainstream financial institutions and their millions of customers who need easy access to high quality, affordable advice,” said Hans Morris, Managing Partner of Nyca and former President of Visa. Hans continued, “Our model at Nyca consists of investing both our time and money in what we believe in. We believe in SigFig’s mission and are excited to be a part of their journey.”
SigFig CEO Mike Sha added, “The group of advisors joining our team include some of the best and most experienced minds in the financial industry, and they are all committed to continuing SigFig’s growth in the mass consumer investing market.” Mike continued, “Having the support of experienced hands who have seen the evolution of modern banking over the last three decades will only strengthen our company’s position in our own rapidly growing and evolving business.”
As part of Nyca’s investment, the following individuals have joined SigFig’s Advisory Board:
Hans Morris - Hans is the Managing Partner of Nyca Partners and is a director of portfolio companies, Lending Club, Payoneer and Cardworks. He served as President of Visa while it completed its IPO and spent over two decades at Citigroup in various roles, including CFO of Markets and Banking.
Frank Yeary - Frank serves as a member of Intel's Board of Directors and previously held positions as Co-founder of Level Money, Vice Chancellor of UC Berkeley, and Global Head of M&A at Citigroup.
Stephanie DiMarco - Stephanie is Chair of the Board at Advent Software, which she founded in 1983. As CEO for over 25 years, she built Advent into one of the world’s leading providers of software and services to the investment management industry.
Tom Miglis - Tom served as Chief Information Officer of Citadel for 13 years. Before, he spent 16 years at Salomon Brothers in a variety of roles, including CIO.
Additionally, SigFig is pleased to announce that Dean Junkans has agreed to join its Advisory Board:
Dean Junkans - Dean has 30 years of investing experience, having served as Chief Investment Officer of Wells Fargo Private Bank. He is the author of multiple books on finance and investment strategy.