We've Raised Money to Rethink Automated Savings

Hi, we’re Digit. And if we’re doing things right, you’ll forget about us.

Saving is stressful. Even thinking about saving is stressful. That’s why we created Digit — a service that automates your savings so you can save money without ever thinking about it.

Using Digit is simple.

1. Connect your checking account to Digit.
2. Every day Digit automatically assesses your account and, based on your spending patterns, sets small amounts of money aside in your FDIC insured Digit account.
3. That’s all there is to it. We send you updates whenever you like about how much money you’ve saved. You can withdraw your savings anytime.

During our closed beta, we’ve saved our users over $600,000. From an emergency fund, to redecorating a house, to taking a dream vacation to Hawaii, to just having a extra monthly buffer, our customers are already finding many ways to use their new found savings.

Today we’re stoked to share that Digit will soon be coming out of private beta. To help us open up Digit to the world, we’ve closed a $2.5M seed round led by Baseline Ventures that includes participation from Freestyle Capital, Upside Partnership, Google Ventures, Operative Capital, Garry Tan, Alexis Ohanian, Aaron Harris, Rick Berry, Nate Bosshard, Eric Ries, Joshua Greenough, Randy Reddig, Eoghan McCabe and Ted Rheingold.

We’re also excited to announce that Dan Manges (Founding CTO, Braintree), Randy Reddig (Founding Team, Square), Sharda Caro-del-Castillo (GC Payments, AirBnb) and Tom Brown (Partner, Paul Hastings) are joining as formal advisors.

We’re honored to call all these folks partners.

Let this be our first warning to the status quo that plagues consumer banking. We’re committed to making the complicated financial services in your life automated, intuitive, and intelligent.

If you’re interested in giving Digit a try, be sure to sign up for an invite. We’d love to hear your thoughts and feedback.

And if you’re in search of meaning and looking for a change, we’re hiring.

–Ethan Bloch, CEO, Digit