Zeplyn, an innovative platform designed to simplify wealth management processes, has successfully raised $3 million in a seed funding round led by Leo Capital, with additional participation from several angel investors and venture capital funds, including Converge.
This new funding comes after the company had previously secured $2.6 million in a round earlier this year in June.
The company plans to utilize the fresh capital to expand its workforce, expedite product development, and boost its sales and marketing initiatives, as stated in a recent press release.
Founded in 2023 by Era Jain and Divam Jain, Zeplyn aims to alleviate the administrative challenges faced by financial advisors by automating routine tasks, enhancing the client-advisor relationship, and making client data more accessible. One of the key features of the platform is its AI-powered Meeting Assistant, specifically tailored for financial advisors and wealth management firms. This tool converts unstructured conversational data into precise notes, improving meeting preparation, note-taking, and post-meeting workflows, all while ensuring compliance standards are met.
Zeplyn’s platform is versatile, offering solutions for both virtual and in-person meetings, as well as dictation. It integrates seamlessly with various tools, including Salesforce and wealth-specific CRM systems like Redtail and Wealthbox, allowing for effortless incorporation into existing advisor tech stacks.
Designed with the unique needs of wealth management professionals in mind, Zeplyn enhances workflow efficiency while ensuring the protection of Personally Identifiable Information (PII) and meeting strict security and compliance requirements.
The company claims that its solution reduces manual work by over 90%, saving financial advisors up to 10-12 hours each week.
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