The wealth management workflow-simplifying startup Zeplyn has raised $3 million in a seed funding round led by Leo Capital. A number of angel investors and venture capital funds, including Converge, also participated in the round.
In June of this year, the business raised $2.6 million in a similar round.
According to a press release from Zeplyn, the company will use the new funding to increase its workforce, speed up product development, and strengthen sales and marketing initiatives.
By automating time-consuming tasks and increasing access to client intelligence, Zeplyn, which was co-founded in 2023 by Era and Divam Jain, lessens the administrative load on financial advisors and enhances the advisor-client relationship. Unstructured conversational data is transformed into extremely accurate notes by the company’s AI Meeting Assistant, which is tailored for wealth management companies and financial advisors. Meeting preparation, note-taking, and post-meeting workflows are streamlined while compliance requirements are met.
It provides a platform-neutral solution that can be utilized for dictations and both in-person and virtual meetings, Zeplyn claims. It offers a number of off-the-shelf integrations, such as Salesforce, and wealth-specific CRMs, like Redtail and Wealthbox, allowing for plug-and-play integration with advisor technology stacks and existing infrastructures.
The startup protects personally identifiable information (PII) while allowing financial advisors to automate the process of meeting administration, from preparation to follow-up. It is designed to satisfy the particular workflow needs as well as security and compliance requirements of the wealth management industry.
Zeplyn saves financial advisors an average of 10–12 hours a week and reduces manual labor by over 90%, according to the company.
