Workflow-simplifying Startup 'Zeplyn' bags $3 million in Seed round
The financial management workflow-simplifying startup Zeplyn has raised $3 million in a seed fundraising 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 additional funding to increase its workforce, speed up product development, and strengthen sales and marketing initiatives.
Zeplyn, which was co-founded in 2023 by Era and Divam Jain, lessens the administrative load on financial advisors while enhancing the advisor-client relationship by automating tedious processes and increasing access to customer intelligence.
Specifically created for wealth management companies and financial advisors, the company's AI Meeting Assistant transforms unstructured conversational data into incredibly precise notes. Meeting preparation, note-taking, and post-meeting procedures are streamlined while compliance needs are met.
Zeplyn claims that it provides a platform-neutral solution that can be applied to dictations and both in-person and virtual meetings. It allows for a plug-and-play into current infrastructures and integrates with the advisor technology stack through a number of out-of-the-box connectors, such as Salesforce and wealth-specific CRMs like Redtail and Wealthbox.
By automatically updating client records and safeguarding personally identifiable information (PII), the startup helps financial advisors to expedite meeting administration from preparation to follow-up. It is designed to satisfy the wealth management community's particular workflow needs as well as security and regulatory requirements.
According to Zeplyn, financial advisors can save an average of 10–12 hours a week and reduce physical labor by over 90%.
Speaking to this significant funding round, Zeplyn’s Co-Founder Era Jain states, “60 per cent of client data gathering happens over meetings, yet less than 25 per cent of client meetings are properly documented because manual note-taking is time-consuming, distracting and prone to errors. 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.”
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 additional funding to increase its workforce, speed up product development, and strengthen sales and marketing initiatives.
Zeplyn, which was co-founded in 2023 by Era and Divam Jain, lessens the administrative load on financial advisors while enhancing the advisor-client relationship by automating tedious processes and increasing access to customer intelligence.
Specifically created for wealth management companies and financial advisors, the company's AI Meeting Assistant transforms unstructured conversational data into incredibly precise notes. Meeting preparation, note-taking, and post-meeting procedures are streamlined while compliance needs are met.
Zeplyn claims that it provides a platform-neutral solution that can be applied to dictations and both in-person and virtual meetings. It allows for a plug-and-play into current infrastructures and integrates with the advisor technology stack through a number of out-of-the-box connectors, such as Salesforce and wealth-specific CRMs like Redtail and Wealthbox.
By automatically updating client records and safeguarding personally identifiable information (PII), the startup helps financial advisors to expedite meeting administration from preparation to follow-up. It is designed to satisfy the wealth management community's particular workflow needs as well as security and regulatory requirements.
According to Zeplyn, financial advisors can save an average of 10–12 hours a week and reduce physical labor by over 90%.
Speaking to this significant funding round, Zeplyn’s Co-Founder Era Jain states, “60 per cent of client data gathering happens over meetings, yet less than 25 per cent of client meetings are properly documented because manual note-taking is time-consuming, distracting and prone to errors. 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.”
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