Fundment Series C Round, January 2025

Fundment, a technology platform aimed at streamlining administrative processes for financial advisers, has successfully raised £45 million in its Series C funding round. The round was led by Highland Europe, with additional participation from ETFS Capital. The funds will be directed towards product development, scaling the team, and pursuing international expansion.

Founded to address inefficiencies in legacy financial advisory infrastructure, Fundment focuses on providing financial advisers with integrated solutions to enhance their services. The platform offers a comprehensive suite of tools, including back-office management, discretionary investment management solutions, and secure portals for advisers to monitor and operate investment processes efficiently. This proprietary technology allows firms to integrate tax wrappers, develop custom APIs, and automate processes while ensuring compliance with complex regulatory requirements.

The platform’s innovative approach has gained traction among financial advisers, with over 500 firms currently relying on its services. Fundment’s offerings include access to investment options from companies such as Legal & General, BlackRock, and HSBC, covering products like OEICs, Unit Trusts, Investment Trusts, ETFs, and both domestic and international equities. By integrating these diverse financial instruments, Fundment enables advisers to deliver tailored services that address their clients’ needs.

Ola Abdul, the founder and CEO of Fundment, highlighted the company’s mission to simplify operations for financial advice firms, allowing them to focus more on delivering value to their clients. “Financial advice is a heavily regulated space, and it is difficult for fintech platforms to break through unless they truly understand how to manage and enable operations for their customers,” Abdul explained. “For the past six years, we have been building Fundment as the all-in-one tech platform to support a financial advice firm’s every need. We now have over 500 firms relying on Fundment, but we’re still in the early stages of our journey. I’m delighted to have the backing of Highland Europe and look forward to working with the knowledgeable team there as we scale Fundment.”

Highland Europe’s General Partner, Gajan Rajanathan, emphasized the significance of modern technology for financial advisers in light of evolving client demands and increasing regulatory pressures. “Financial advisers face a growing need for modern technology to scale amidst increasing client sophistication and regulatory pressure,” Rajanathan stated. “Fundment offers an easy-to-use, transparent, modern investment platform providing comprehensive access to a suite of investment options. There will be powerful tailwinds in this market over the coming years, and Fundment is in an ideal position to capitalize.”

Fundment’s role in the financial advisory space is becoming increasingly vital as significant wealth transfer is expected globally in the coming decades. In the UK alone, an estimated £5.5 trillion of assets is set to be passed down over the next 30 years, with a global figure nearing $68 trillion. This immense shift underscores the need for efficient, compliant, and adaptable solutions like those provided by Fundment.

The successful Series C funding marks an important milestone for Fundment, positioning the company to expand its reach and continue supporting financial advisers with cutting-edge technology. With the backing of established investors and a clear vision for growth, Fundment is well-equipped to enhance the efficiency and effectiveness of financial advisory services on a global scale.