UK WealthTech Fundment Secures £45M in Series C Funding: A Major Boost for Financial Innovation

UK WealthTech Fundment Secures £45M in Series C Funding: A Major Boost for Financial Innovation

Fundment, a prominent technology platform for financial advisers, has successfully secured £45 million in a Series C funding round, marking a significant milestone in its growth journey. This investment was spearheaded by Highland Europe, with noteworthy contributions from ETFS Capital, demonstrating strong investor confidence in Fundment’s innovative vision.

About Fundment and Its Vision

Founded in 2018 by Ola Abdul, a seasoned asset manager with experience at abrdn and BlackRock, Fundment addresses the ongoing technological challenges that financial advisers face. The platform is widely recognized for its comprehensive integration capabilities, which combine essential platform services with back-office tools, discretionary investment management solutions, and intuitive client portals.

Key Features of Fundment’s Platform

  • Comprehensive Integration: Offers seamless operations for advisers to manage and monitor their investment processes effectively.
  • Product Development: Funds raised will enhance product development and expand the team.
  • Customizable Solutions: Supports various tax wrappers and allows firms to create their own APIs for tailored integration and scalability.

Strategic Use of Funds

The capital raised in this funding round will be strategically employed to:

  1. Enhance product development and innovation.
  2. Scale the operational team to meet growing demand.
  3. Prepare for future expansion in response to evolving client needs and regulatory landscapes.

Meeting Client Demands

As financial advisers encounter increasingly complex regulatory environments and client expectations, Fundment’s technology is designed to equip them with the necessary tools to deliver customized and compliant services efficiently.

Ola Abdul’s Insights on Future Growth

Ola Abdul, the founder and CEO of Fundment, expressed enthusiasm about the investment, stating, “Financial advice is a heavily regulated space, and it is challenging for FinTech platforms to succeed unless they understand how to facilitate operations for their clients. Over the past six years, we have built Fundment as a comprehensive tech platform to support every need of financial advice firms, enabling them to focus on providing value to their clients. Currently, more than 500 firms depend on Fundment, and we are just at the beginning of our journey. I’m thrilled to have the support of Highland Europe and look forward to collaborating with their expert team as we scale our operations.”

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For more information on Fundment and its innovative platform, visit their official site: Fundment.

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