Fundment, a London-based fintech platform designed to serve financial advisors, has raised €53 million in its Series C funding round, which will be used to accelerate product development, scale the team, and support future expansion.
The round was led by Highland Europe, with additional participation from ETFS Capital.
Ola Abdul, founder and CEO of Fundment, stated:
“Financial advice is a heavily regulated space, and it’s difficult for fintech platforms to break through unless they truly understand how to manage and enable operations for their customers. For the past six years, we’ve built Fundment as the all-in-one tech platform to support financial advice firms so they can dedicate more time to delivering value to customers.”
Founded in 2018 by Ola Abdul, a former asset manager with abrdn and BlackRock, Fundment was created to solve the everyday technology challenges financial advisors face.
The platform integrates core services like back-office tools, discretionary investment management solutions, and user-friendly portals, streamlining operations and ensuring regulatory compliance.
Fundment’s proprietary technology also includes customisable APIs, allowing firms to build and scale their operations while managing complex regulations.
The platform’s investment marketplace offers a range of options from institutions like Legal & General, BlackRock, and HSBC, including OEICs, Unit Trusts, ETFs, and both domestic and international equities.
The funding round is subject to approval by the Financial Conduct Authority (FCA).
Featured image credit: edited from freepik
