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Zeplyn, an artificial intelligence (AI) assistant designed to streamline wealth management workflows, raised USD 3 million in a seed funding round led by Leo Capital. The round also saw participation from several angels and the marquee venture capital fund - Converge. The company will use the raised capital to expand its team, accelerate product development, and beef up sales & marketing efforts.
Founded by former Google engineers of Indian origin, Era Jain and Divam Jain, Zeplyn reduces the administrative burden placed on financial advisors, improving the advisor-client experience by automating time-consuming tasks and making client intelligence more accessible. The company’s AI Meeting Assistant, designed specifically for financial advisors and wealth management firms, takes unstructured conversational data and turns it into highly accurate notes, claimed the company. 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’s Co-Founder Era Jain said, “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.”
Zeplyn offers a platform-agnostic solution that can be used across virtual and in-person meetings, as well as for dictations. It provides multiple out-of-the-box integrations, including Salesforce, and wealth-specific CRMs such as Redtail and Wealthbox, enabling a plug-n-play into existing infrastructures and integrating with the advisor technology stack.
