When was Digits founded?

Digits was founded in 1995 and raised its 1st funding round 24 years after it was founded.

Where is Digits located?

Digits is headquartered in San Francisco, United States. It is registered at San Francisco, California.

How many employees does Digits have?

As of Aug 31, 2026, the latest employee count at Digits is 85.

Is Digits a funded company?

Digits is a funded company, having raised a total of $97.5M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Nov 06, 2019.

How much is Digits worth?

The last known valuation of Digits was $***** as of Dec 31, 2022.

When was the latest funding round of Digits?

Digits' latest funding was a $***** Series C round on Mar 24, 2022, with participation from 4 investors.

Where does Digits rank among its competitors?

Digits ranks 15th amongst 2360 active competitors, of which 186 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Pennylane, which secured $205M in Jan, 2026.

Who are the top competitors of Digits?

Digits' top competitors include Intuit, Pennylane and Deltek. Among them, Pennylane secured the most recent funding round in January, 2026.

Digits - 2026 Company Profile, Team, Funding & Competitors

Company Details

SMS based customer authentication and verification service. The supported platforms include Android, iOS, tvOS, and web. The Digits sends users an SMS confirmation code, which they enter into the app to confirm their identity. Clients include BuzzFeed, Periscope, and Dubsmash. As of Aug 2017, the solution supports over 34 languages in 223 countries. Acquired by Google along with the Fabric in Jan 2017 which introduced it as Firebase phone authentication.

Website: digits.com
Social
Registered Address: San Francisco, California

Key Metrics

Founded Year

1995

Location

San Francisco, United States

Stage

Acquired

Total Funding

$97.5M in 3 rounds

Latest Funding Round

Series C, Mar 24, 2022, $*****

Last Known Valuation

$***** as on Dec 31, 2022

Investors

Benchmark & 24 more

Ranked

15^th among 2360 active competitors

Employee Count

85 as on Aug 31, 2026

Investment & Acquisitions

Basis

Similar Companies

Intuit & 3015 more

Exit Details

Acquired by Google (Jan 18, 2017)

View Digits' full profile

Digits is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
DIGITS FINANCIAL CIN: 824995169 , United States, Active	Dec 31, 1999	-	26 (As on Dec 31, 2020)	-

Digits got acquired by Google on Jan 18, 2017.

Click here to take a look at Digits's acquisition in detail

Digits has raised a total funding of $97.5M over 3 rounds. Its first funding round was on Nov 06, 2019. Its latest funding round was a Series C round on Mar 24, 2022 for $*****. 4 investors participated in its latest round. Digits has 8 institutional investors and 17 angel investors.

Here is the list of recent funding rounds of Digits:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 24, 2022	4968277	Series C	1836218	5314279	5286184	5194537
Apr 24, 2020	9584991	Series B	6219870	6118385	3052097	Benchmark
Nov 06, 2019	4046314	Series A	2895460	2680877	Benchmark	Aaron Levie & 16 more

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View details of Digits's funding rounds and investors

The founders of Digits is Wayne Chang.

Here are the details of Digits' key team members:

Wayne Chang: Founder & CEO of Digits.

View details of Digits's Founder profiles and Board Members

Digits' employee count trend

Digits has 85 employees as of Aug 26. Here is Digits's employee count trend over the years:

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Top competitors of Digits include Intuit, Pennylane and Deltek. Here is the list of Top 10 competitors of Digits, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Alcor Fund, Benchmark & 25 others	83/100
2nd	Pennylane 2020, Paris (France), Series E	Cloud-based financial management and accounting software platform	$442M	Sequoia Capital, DST Global & 9 others	78/100
3rd	Deltek 1983, Herndon (United States), Acquired	Cloud based enterprise resource planning software provider for multi industries	$107M	New Mountain Capital, Prospect Capital & 3 others	77/100
4th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	77/100
5th	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 22 others	76/100
6th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	Hurlingham Partners, Sparkbox Venture Group ... & 9 others	75/100
7th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	CRV, BDC & 20 others	74/100
8th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of cloud-based enterprise software solutions for accounting, finance, and people management	-	91Springboard, Itz Cash Card & 46 others	70/100
9th	MYOB 1991, Cremorne (Australia), Acquired	Developer of business management software including accounting and payroll solutions	-	CVC, VantEdge Partners & 3 others	70/100
10th	Anna 2017, London (United Kingdom), Acquired	Cloud-based accounting management solutions for businesses	$88.3M	Kinetik, Flashpoint & 67 others	68/100
15th	Digits 1995, San Francisco (United States), Acquired	SMS based customer authentication and verification service	$97.5M	Benchmark, SoftBank Vision Fund & 23 others	64/100