Wealth-tech Zeplyn lands $3m seed investment

Zeplyn, an artificial intelligence (AI) assistant designed for financial advisors, has garnered $3m in seed funding to advance AI wealth management workflows.

The investment round was led by Leo Capital, with additional contributions from Converge and several angel investors.

This infusion is expected to bolster Zeplyn’s mission to transform wealth management through AI-native solutions.

The company, founded by two ex-Google engineers, aims to reduce the administrative load on financial advisors.

By automating routine tasks and streamlining client intelligence, Zeplyn enhances the advisor-client interaction.

Its AI Meeting Assistant, tailored for the wealth management sector, converts conversational data into precise notes.

Zeplyn CEO and co-founder Era Jain said: “Financial Advisors spend anywhere from an hour to an hour and a half per client meeting consolidating their notes and doing follow-up work.

“Many bring an associate advisor to these meetings just to take notes. Despite spending several manual hours, incomplete client data still remains a challenge as details fall through the cracks.”

Zeplyn’s toolkit is designed to optimise client meeting preparation, accurately record financial data, and facilitate follow-up tasks.

The platform’s agnostic nature allows for seamless integration across various meeting formats and is compatible with multiple CRMs, including Salesforce, Redtail, and Wealthbox.

Converge co-founder and general partner Nilanjana Bhowmik said: “Unstructured data has long presented problems for the heavily regulated financial world, providing limited or time-consuming insights and posing potential compliance issues.

“But with Zeplyn, financial advisors can quickly extract accurate information while staying in compliance.”

“Wealth-tech Zeplyn lands $3m seed investment” was originally created and published by Private Banker International, a GlobalData owned brand.

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