San Francisco based personal savings management company Digit has raised $22.5m of Series B financing, led by Ribbit Capital. The company has raised over $36m of financing to date and hopes to change the "-2% savings rate" among 18 to 30 year old millennials.
Bloch and the Digit team are far from finished; he said the company still needs to make good on its goal to build out its financial relationship with customers. Bloch says he wants things done in an automated but approachable way. Digit says it has helped its customers save over $125 million since launch.