Zeplyn, an AI assistant for financial advisors, announced a $3 million seed funding round. Led by Leo Capital, with additional investment from Converge and angel investors, the funding will support the company as it rebuilds wealth management from an AI-native perspective.
Launched by two former Google engineers, Zeplyn reduces the administrative burden placed on financial advisors. It improves the advisor-client experience by automating time-consuming tasks and making client intelligence more accessible.
The company’s AI Meeting Assistant, designed for financial advisors and wealth management firms, takes unstructured conversational data into highly accurate notes. By streamlining meeting prep, note-taking, and post-meeting workflows while fulfilling compliance requirements, Zeplyn saves financial advisors an average of 10-12 hours per week.
Zeplyn offers a time-saving toolkit for advisory firms to prep for client meetings, accurately capture financial data and key client insights, and seamlessly trigger follow-up tasks – which improves the client experience.
KEY QUOTES:
“60% of client data gathering happens over meetings, yet less than 25% 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. Despite spending several manual hours, incomplete client data still remains a challenge as details fall through the cracks.”
– Era Jain, CEO and Co-Founder of Zeplyn
“Zeplyn enables financial advisors to streamline meeting admin from prep to follow-up, automatically updating client records while protecting PII. It is built to meet the unique workflow requirements and security and compliance standards of the wealth management community.”
– Divam Jain, CTO and Co-Founder of Zeplyn
“Zeplyn enhances our ability to deliver personalization at scale by providing a time dividend advisors can reinvest in client service and growth. Multiple team members have reported time savings of 30-60 mins+ on meeting follow-up activities. We selected Zeplyn not just for their omni-channel note-taking capabilities, but also for their long-term vision in supporting the over-all client meeting process—the most frequent and expensive activity of an RIA.”
– Trevor Chuna, CTO at Sequoia Financial Group
