The funding aims to advance Zeplyn’s mission to transform wealth management with AI solutions. Credit: Noom_Studio/Shutterstock.

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.

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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.

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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.”