Zeplyn lands $3m to enhance advisor efficiency with AI-driven platform

November 15, 2024

Zeplyn, a WealthTech company founded by former Google engineers, focuses on streamlining workflows for financial advisors through AI-powered solutions.

The company has successfully raised $3m in a seed funding round led by Leo Capital, with additional participation from Converge and a group of angel investors. These funds will support Zeplyn’s mission to revolutionise the wealth management sector with AI-native technologies.

The firm’s flagship product, the Zeplyn Meeting Assistant, enhances efficiency by automating administrative tasks, enabling advisors to focus on client relationships.

Zeplyn’s Meeting Assistant leverages artificial intelligence to transform unstructured conversational data into accurate notes, automating meeting preparation, note-taking, and follow-up tasks. It integrates seamlessly with popular CRMs, such as Salesforce, Redtail, and Wealthbox, to update client records and ensure compliance with industry standards. The platform saves financial advisors an average of 10-12 hours per week by reducing the burden of administrative work.

Zeplyn CEO and Co-Founder Era Jain said, “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.”

Zeplyn has been lauded by early adopters for its ability to improve efficiency and accuracy. Trevor Chuna, CTO at Sequoia Financial Group, said, “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.”