visimoney
TLDR: Fintech firm Tifin has acquired tech solution Giving Place to expand its philanthropy platform, Tifin Give, and better serve family offices and foundations. Tifin Give now oversees $670m in philanthropic assets and has facilitated $40m in charitable donations in the past year alone. The acquisition comes as the donor-advised fund space experiences rapid growth, with assets nearly doubling from 2018 to 2022 and reaching approximately $230bn. Tifin Give’s platform provides multicustodial capabilities, SOC-2 security compliance, and a range of investment options.
Fintech firm Tifin has acquired tech solution Giving Place to further develop its philanthropy platform, Tifin Give. Giving Place is geared towards family office giving programs and foundations, allowing Tifin Give to address the philanthropic needs of all asset classes in the wealth enterprise space. Tifin Give now provides oversight on $670m in philanthropic assets and has facilitated $40m in charitable donations in the past year. This acquisition comes amid a trend of rapid growth in the donor-advised fund space, with assets nearly doubling from 2018 to 2022 and projections suggesting it could hit $1trn by 2030.
Tifin Give’s donor-advised fund (DAF) platform offers users multicustodial capabilities, SOC-2 security compliance, and a wide range of investment options, including custom model portfolios. It has been rolled out across multiple leading wealth enterprises and employers through a partnership with Morgan Stanley at Work to power an employee DAF solution. The merger with Giving Place positions Tifin Give to better support families through advisors, workplaces, and family offices.
Tifin’s broader acquisition strategy has seen it recently spin off Tifin AG, its AI-driven solution for helping advisory firms grow, and last year it spun off asset manager distribution software Tifin AMP after raising $10m in a Series A funding round.
