The past year has been quite a journey for us all. Thinking back to just over a year ago, when we announced our Series A, feels like a distant memory of an antique land… We sincerely hope that you’ve stayed safe and healthy during this time.
Through the travails, uncertainty, and drama of 2020, we have done our best to stay heads-down building, fully-remotely, and in focused pursuit of our mission to bring business finance into the modern, real-time era.
We’re humbled by the recognition we’ve received for this mission: Business Insider ranked Digits amongst the top 100 startups of 2020, Built in SF shortlisted Digits as one of their top 50 to watch, while EqualOcean called Digits one of their Next 50 in Global Fintech.
Embroker went even further, naming Digits the #1 fintech startup (and #6 overall) on their Top 200 list of the world’s “fastest growing companies that… will fundamentally transform our society.” We’re honored to be included!
What Digits is doing for businesses is truly phenomenal. Being able to analyze and visualize financials in real-time is especially huge for startups and other high-growth companies where KPIs are always moving quickly and changing rapidly.
-Yotam Shacham, Co-Founder,
The Digits Real-time Engine
Every financial transaction impacts your business’ bottom line. But today, businesses are forced to rely on a web of antiquated, manual, and time-consuming processes to record and model their financial activity to understand these impacts.
While unwieldy, historical data is straightforward—it’s studiously recorded in the general ledgers of businesses worldwide, but it’s static and outdated. Real-time transaction streams are increasingly available from financial institutions, but they are raw and unreconciled. Forward projections are still powered by spreadsheets and approximations, each one manually maintained—delaying leadership teams from making crucial decisions.
As serial-entrepreneurs, with 6 companies between us over the past 20 years, we realized that the holy grail of business was having a real-time, living model that empowers decision-making in the moment.
Two years ago, we embarked on our journey to solve this problem, and we believe we’ve now achieved this with the Digits Real-time Engine, which seamlessly (and accurately!) combines full-historical data, current real-time activity, and forward looking projections into a single, immersive, and intuitive financial dashboard for business owners, finance leads, and their department heads.
The Digits Real-time Engine has been the missing link in business finance. It’s the infrastructure that converts your data into a living model of your business, enabling an entirely new class of business software. With each change in your business, our Real-time Engine re-analyzes everything to give you the latest, most accurate view of your world… With Every. Single. Transaction.
It’s the 21st century. Business happens in real-time. What is your finance stack waiting for?
The Best is Yet to Come…
We’re truly honored by the recognition we’ve received so far as well as the feedback and feature requests from our Early Access community.
Over the past few months, we’ve been working hard on a number of exciting new tools, supercharged by our Real-time Engine. We can’t wait to show you what’s behind the curtain—stay tuned for our next major announcement!
At Digits, we have been strong and ongoing proponents of modern, secure connections between financial institutions. As part of our mission to give businesses real-time visibility into their finances, we believe in the need for common, open, interoperable standards for businesses to seamlessly transmit financial data.
Today, we’re excited to share that Digits has joined the Financial Data Exchange (FDX) as a full member of its consortium.
Enhancing the Security of Financial Standards
For many years, the lack of a secure communication standard between financial institutions has led to one-off data sharing arrangements, proprietary, incompatible APIs, and a veritable cottage-industry of “screen scraping” approaches — which have significant downsides in implementation cost, reliability, and of course data security. This has led to the formation of FDX, the leading nonprofit consortium that’s unifying the North American financial sector around a single, secure communication standard.
Drawing from our own rigorous security practices, we are excited to collaborate with other FDX members and share our techniques and learnings to drive further innovation in the industry.
A More Reliable Experience for Digits Customers
By contributing to and supporting secure communication standards, we also help guarantee the security and performance of our data integrations on behalf of our customers, including:
More to Come
We’re looking forward to helping shape the next generation of transaction and authorization APIs that financial institutions use to securely interoperate. In parallel, we’re heads down gearing up for our next major launch this Fall. We can’t wait to share what’s behind the curtain when it’s time — stay tuned!