digits.community update - 05.22 (+4,185 hours saved, +2 tools in Labs, +55 pieces of press, +5 community events)

Related products: Community
digits.community update - 05.22 (+4,185 hours saved, +2 tools in Labs, +55 pieces of press, +5 community events)

We’re on a massive mission to build the next generation of finance tools. We’ve recently announced our $65 million Series C round led by Softbank towards achieving our mission.

 

Our Community

At the center of everything we do here at Digits is the community. We’ve worked with hundreds of firms to build the tools that solve the biggest pain points still plaguing them today, and we’re going to be rolling them out in Labs first.

Since the launch of our latest tools, Digits Reports and Digits Reports Builder, the community has strapped on the Digits rocket booster and saved over 4,185 hours of time (~174 days) preparing, reviewing, and sending reports. Digits Boost has helped accountants and bookkeepers make clients' ledgers become even more accurate and consistent by correcting vendors and category mismatches.

 

 

Digits Boost
Save time. Automate your work.

Built on top of our powerful Living Model, our engineers took a huge leap forward using machine learning and AI to ensure that your clients books are as accurate as possible. 

Digits Boost brings consistency to all transactions as we can not only change specific contact names but we can apply these updates across ALL payments”

Jackie Anthony, AllCents

Digits Reports Builder
Drag. Drop. Done.

Our mission with Digits Reports Builder is to save you time building the best reports for you and your clients. Why start with a blank sheet when Digits Reports Builder can help pre-populate for the report -- with real-data and analysis -- for you. Cut the time it takes to build reports from hours to minutes.

I love it... I love the awesome reports you have created!

Judah Kosky, Fireside Bookkeeping

We want to continue to build these products alongside our entire community. Keep helping us shape the future together! To give feedback or send us over an idea, check out our ideas board. Upvote or provide new suggestions or requests – many improvements are shipped the same week that they’re requested!

 

 
 

In the News

In addition to building new products, Wayne and Jeff, co-founders of Digits, have been sharing the lessons we’re learning from you, the Digits community, with the broader world. With all of your support and feedback, we’ve created new tools that have made a drastic effect on the industry. 
 

As a co-founder and CFO, I think Digits will be a game changer!

Ryan Chen, Neuro Gum

Recent highlights:

  

 

May 12, 2022
Digits was highlighted as one of the “10 Apps to Use Now to Make Taxes Easier Next Year”
  ​​​ May 4, 2022
Wayne published in Bloomberg Tax -- “Four Ways Automation Could Help Accountants Multiply Their Output”

​​

​​​

 

March 24, 2022
“Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools”
  ​​​ Feb 10, 2022
Wayne published in Accounting Today -- “Burnout Busting Strategies for the Busy Season”

 

​​​

 

May 10, 2022
Wayne discussed the critical challenges facing bookkeepers and accountants

April 26, 2022
Blake sits down with Wayne Chang, founder and CEO of Digits, to learn why investors gave Digits $65 million at a $565 million valuation

 

 
 

Events & Conferences

We’ve also been busy getting out and celebrating with our amazing community!

We know how hard it is to work with the tools of yesterday, so we’ve been busy creating in-person experiences to bring the tools of tomorrow to you.

We had a great time seeing people, noshing on snacks, and connecting in person, safely.  

Recent

 

 
 

Upcoming

We asked you what are the most important events for you and your colleagues. Based on what you said, here’s where we will be next! Can’t wait to see you there!

 

 

Wednesday, June 15th

BKX: In June, we will be hosting a launch party at BKX. Come to meet the Digits team, network with others who are invested in cutting-edge technology and tools……stay for the endless bar, gourmet bites, and a little bit of magic. RSVP

 

Thursday, June 16th

Digits House Orlando: Join us at our Digits House Orlando and get access to the Digits team while enjoying some Florida sunshine. RSVP

 

Sunday, June 19th

SNH: Will you be at Scaling New Heights? Come stop by and grab a coffee and say hello! We can’t wait to meet you in person. We’ve also partnered with Scaling New Heights to bring you some incredible surprises..

 
 

Recent Press

 

  • U.S. News & World Report, “10 Apps to Use Now to Make Taxes Easier Next Year” May 12, 2022
  • Bloomberg Tax, “Four Ways Automation Could Help Accountants Multiply Their Output” May 4, 2022
  • BitcoinEthereumNews.com, “SoftBank Leads $65 Million Funding Round of Digits” March 29, 2022
  • Finance Magnates, “SoftBank Leads $65 Million Funding Round of Digits” March 28, 2022
  • Fintech Brain Food, “Digits raised at a $565m valuation to help companies with spend and payments.” March 27, 2022
  • San Francisco Business Journal, “San Francisco-based Digits announced the close of its $65 million Series C funding round led by SoftBank” March 25, 2022
  • Silicon Valley Business Journal, “SoftBank Leads $65 Million Funding Round of Digits” March 25, 2022
  • FinSMEs, “Digits Raises $65M in Series C Funding” March 25, 2022
  • BuiltIn - San Francisco “Digits Nabs $565M Valuation Following $65M Series C” March 25, 2022
  • Pitchbook “SoftBank leads $65M round for Digits” March 25, 2022
  • SaaS Industry “Digit raises $65 million in Series C funding; introduces Digits Reports” March 25, 2022
  • SiliconAngle "Digits raises $65M to bring live financial reporting to smaller businesses”
     March 25, 2022
  • Crunchbase Daily “Fintech Finance — Digits Launches Digits Reports; Announces $65M Series C Led by SoftBank” March 25, 2022
  • FinSMEs “Digits, a San Francisco, CA-based real-time finance and accounting platform for small businesses, closed its $65m Series C funding” March 25, 2022 
  • StrictlyVC  “Digits, a four-year-old raised $65 million in Series C funding led by SoftBank, with participation from 20VC Growth, GV, and Benchmark.” March 25, 2022
  • Pitchbook “SoftBank leads $65M round for Digits” March 25, 2022
  • Wall Street Journal VC Pro “Digits, closed a $65 million Series C round, valuing the company at $565 million.” March 25, 2022
  • Accounting Today “Digit raises $65 million in Series C funding; introduces Digits Reports” March 24, 2022
  • Business Traverse “Digits posts $65 million on a $565 million valuation to provide a more dynamic, automated approach to legacy accounting tools” March 24, 2022
  • Law360 “Accounting Fintech Digits Hits $565M Valuation Via Series C“ March 24, 2022
  • Venture Capital Journal “Digits nabs $65m Series C” March 24, 2022
  • Crowdfund Insider “Digits Attracts $65M Series C to Power Real-Time Finance and Accounting Platform” March 24, 2022
  • StartUp Around “Digits Raises $65M Series C Financing Round” March 24, 2022
  • VC News Daily “Digits Raises $65M Series C Financing Round” March 24, 2022
  • Fintech & Finance News “Digits Launches Digits Reports; Announces $65M Series C Led by SoftBank” March 24, 2022
  • The Economic Times “Digits raises $65 million in Series C funding at a valuation of $565 million”
    March 24, 2022
  • VentureBeat “Digits aims to disrupt fintech with real-time analytics” March 24, 2022
  • Fintech Collective  “Digits raises $65m in Series C funding“ March 24, 2022
  • LendIt Fintech News  “Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools” March 24, 2022
  • TrendFool “Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools“ March 24, 2022
  • Adviser “Digits books $65M on a $565M valuation to carry a extra dynamic, automated method to legacy accounting instruments” March 24, 2022
  • BGNock “Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools” March 24, 2022
  • Techno Hoop  “Digits guides $65M on a $565M valuation to carry a much more dynamic, automatic strategy to legacy accounting equipment” March 24, 2022
  • NewsNetDaily “Digits sets aside $65M on $565M valuation to bring a more dynamic, automated approach to legacy accounting tools” March 24, 2022
  • Yahoo! “Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools“ March 24, 2022
  • iTechNews  “Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools” March 24, 2022
  • TechCrunch “Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools” March 24, 2022
  • Axios “SMB accounting platform Digits raises $65M led by SoftBank March 24, 2022
  • Inside Venture Capital San Francisco-based Digits secured $65M in Series C financing” March 24, 2022
  • VC News Daily “Digits Raises $65M Series C Financing Round“ March 24, 2022
  • Axios Pro Rata “Digits raises $65m in Series C funding“ March 24, 2022
  • Fortune Term Sheet “Digits Raises $65M Series C Financing Round“ March 24, 2022
  • Tech Crunch - The Daily Crunch “Digits raises at half a billion” March 24, 2022
  • Diginomica “The Great Resignation and how to avoid it - two tech firms offer up their tips on staff retention” March 17, 2022
  • Accounting Today “Burnout-busting strategies for busy season” February 10, 2022
  • Built In “The Key to a Successful Negotiation? Know Your BATNA.” January 31, 2022
  • Insightful Accountant “Technologically Speaking: Automation’s Role in Accounting“ January 12, 2022
 
 

Recent Podcasts

 

  • Bank On it - May 10, 2022
    • Wayne discussed a wide array of topics, ranging from the company background to industry challenges. 
  • Cloud Accounting Podcast - April 26,2022
    • Wayne discussed Digits and the company’s mission for accountants. 
  • Could Accounting Podcast - April 22, 2022
    • Digits was brought up in conversation via the fan mail portion of the episode.
  • Fintech One On One - March 25, 2022
    • Wayne discussed his entrepreneurial journey, his work with Digits, how they got to where they are today and advice for aspiring entrepreneurs.
  • The VentureFizz Podcast - February 22, 2022
    • Wayne discussed his entrepreneurial journey, Digits, how Jeff and Wayne got to where they are today and advice for aspiring entrepreneurs.
  • The Top Podcast - February 10, 2022
    • Jeff discussed his history with Crashlytics, the background on Digits and the solutions the company has to offer, how the SaaS-based company is empowering the next generation of businesses with real-time services; and why business owners tend to forget a number of financial aspects of their business.
  • ABC Radio - The Tech Zone - February 2, 2022
    • Wayne and Jeff jointedly joined this podcast.
  • Fintech Today - January 3, 2022
    • Jeff discusses his time at Crashlytics, what led him to co-found Digits with Wayne and the current state of the fintech industry for SMBs. 

 

 
 

Travel wasn’t in the plans this year, but I definitely look forward to the 2023!  Can’t wait..


Don’t worry @ALS22, we’ve got lots planned for 2023 too! Stay tuned :)