The San Francisco-based provider of automated savings tools raises $11.3 million in a Series A round. The company helps consumers save by automatically withdrawing money from a linked bank account and investing it in a savings account. The company has now raised $13.8 million in total funding
The service automatically withdraws money from your bank account and salts it away for a rainy day. Between the excitement of their newfound financial independence, and juggling bills like rent, it’s no wonder that saving money is at the bottom of the priority list for young adults. But Digit, a San Francisco-based startup, hopes to help Millennials save money by automatically doing it for them. The company said on Tuesday that it has raised $11.3 million in new funding, only three months after introducing its service.