Betterment, an independent digital investment advisor, secured $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility.

The $100 million credit facility was established with ORIX’s growth capital group and Runway Growth Capital. ORIX’s growth capital group acted as lead arranger and agent.

The Series F round was led by Treasury, with participation from existing investors, including Kinnevik, Bessemer Venture Partners, Francisco Partners, Menlo Ventures, Anthemis Group, Globespan Capital Partners, Citi Ventures and The Private Shares Fund, as well as new investors Aflac Ventures and ID8 Investments. The financing valued the company at nearly $1.3 billion.

The additional funding will be used to accelerate the growth Betterment has delivered this year across its core retail investment products and advisor solutions, particularly its 401(k) offering for small and medium-sized businesses.

“From day one, Betterment’s mission has been to make people’s lives better with easy-to-use, personalized investment solutions. The record growth and demand for Betterment products and services proves how well we deliver,” Sarah Levy, CEO of Betterment, said. “We are thrilled to have the support of new and existing investors who believe in our business model and are excited by the opportunity to support our growth. We’re using these funds to further cement our category leadership with rapid innovation on top of our already differentiated product suite and unique, multi-pronged distribution model that serves retail investors, advisors and small businesses.”

“I’ve seen first-hand the strength of Betterment’s business model since its founding over a decade ago. Participating in Betterment’s next chapter as an investor is an exceptional opportunity,” Eli Broverman, a co-founder of Betterment and a founder of Treasury, said. “I believe in Betterment’s team and vision, and we are thrilled to support the company’s future success.”