NEW YORK CITY, November 13, 2024 – Zeplyn which is an AI-powered assistant for financial advisors who require work process automation has managed to raise $3 million in its seed round and will be expanding AI-powered assistant even further.
All of this funding will transform Zeplyn, led by Leo Capital, as well as angel investors and Converge, into a company that will redefine wealth management by automating certain administrative responsibilities and improving customer interactions.
The AI assistant developed by former Google engineers automates client data entry and management due to machine learning technology and allows financial advisors to decrease the amount of time needed for prep and follow-up of meetings.
Zeplyn’s platform is designed to enable organized meeting notes from incomplete transcripts, which is a common complaint of assistive technologies in wealth management.
“60% of client data gathering happens over meetings, but only around a quarter of these efforts are ever represented on paper as the session is never documented properly,”
Said Era Jain, Chief Executive Officer and Co-Founder at Zeplyn
The tool delivers automatic workflows from meeting preparation to meeting after follow-ups, actively saving advisors from, on average, twelve hours of work a week by removing redundancy and ensuring correct data entry.
The software also conforms with strict regulatory standards, preventing leakage of sensitive client information while decreasing the need for client manual note-taking. Divam Jain, CTO, and Co-founder stated very clearly,
“Zeplyn has been built to address the challenges of compliance in wealth management, first and foremost protecting client information and making sure that advisors are more efficient in the process.”
Industry leaders find the possible inclusion of Zeplyn advantageous to them. Trevor Chuna, Chief Technology Officer at Sequoia Financial Group mentioned that
“Zeplyn allows us to offer tailored services efficiently by enabling advisors to specialize in what they do best. Several members of the team have documented saving more than thirty minutes of time on administrative work for every meeting”.
A platform that works with CRM such as Salesforce, Redtail, or Wealthbox is easily assimilated into the existing wealth management systems.
Converge Co–founder Nilanjana Bhowmik while drawing attention to the wider scope remarked,
“Zeplyn is revolutionizing the finance industry with AI-compliant solutions for the unstructured data, which has been a pain point for the wealth management firms.”
The firm wants to improve the advisor workflow by integrating AI into the process and enhancing productivity and client experience.
Source: https://www.zeplyn.ai/newsroom/zeplyn-raises-3m-seed-funding
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