Digits is fintech startup offering a free expense monitoring dashboard for small businesses.
Digits is hailing from the same team that built and sold Crashlytics to Twitter.
Digits was founded in 2018 by Wayne Chang and Jeff Seibert. The company is headquartered in San Francisco, California.
Digits provides Digits for Expenses, a platform for real-time analysis which gives users a complete, real-time understanding of expenses. It integrats in existing accounting packages and connects with existing financial institutions, to amplify and reinforce the existing accountant’s work.
Digits for Expenses, helps business owners track how their company is spending money, by showing things like spend by category, by identifying vendors and recurring expenses and by offering real-time alerts, among other features.
Digits connects with the accounting software, banks, payroll providers, financial packages, sources of revenue and credit cards the business already uses — like Xero, QuickBooks, NetSuite, Citi, Bank of America or Chase, for example.
Digits also uses machine learning technology to predictively categorize transactions as they happen and the software can alert users to anomalies — like suspicious activity or unexpectedly large transactions in real time.
Digits is backed by GV, Benchmark, Founders and CEOs of Box, GitHub, Tinder, Twitch, StitchFix and others. The company raised $22M in a Series B round on Apr 24, 2020. This brings Digits' total funding to $32.5M to date.