Timeline, a number one UK-based Fintech platform catering to unbiased monetary advisers, achieves a serious milestone with a £10 million Sequence B funding spherical, led by BlackFin Capital Companions, a specialist monetary expertise funding agency. Concurrently, Timeline surpasses £3 billion in Property Underneath Administration (AUM), positioning the corporate for vital growth by the top of 2023.

Revolutionizing Monetary Advising

Based in 2018 by CEO Abraham Okusanya, Timeline has emerged as a trailblazer within the monetary recommendation trade. The corporate affords Unbiased Monetary Advisers (IFAs) state-of-the-art monetary planning software program, together with modules for preliminary consumer fact-finding, threat profiling, cashflow modeling, and funding analytics. Moreover, Timeline Portfolios, a collection of cost-effective, high-performing mannequin portfolios, units the corporate aside by delivering these instruments as an end-to-end built-in bundle, making certain a seamless digital expertise for UK-based IFAs.

Abraham Okusanya, Founder, and CEO of Timeline, expressed his enthusiasm, saying:

“This financing spherical will allow us to double down on our mission of offering monetary advisors with cutting-edge expertise that simplifies their workflow, elevates the consumer expertise, and in the end improves monetary outcomes for thousands and thousands of individuals within the UK. I’m actually delighted that our mission has resonated so deeply with monetary advisers and our valued buyers. The UK’s monetary recommendation market represents a staggering £1 trillion in AUM, and we aspire to rank among the many high three suppliers of expertise and Mannequin Portfolio Providers for IFAs inside the subsequent three years.”

Fueling Development and Innovation

The Sequence B funding will play a pivotal function in increasing Timeline’s attain and enhancing its product choices. The funding will drive the event of latest options, enhancements to current modules, and deeper integration with different monetary platforms. Furthermore, it should assist Timeline’s efforts to broaden its market presence.

The funding spherical additionally contains participation from current buyers, resembling Mtech Capital, a Fintech enterprise capital agency with workplaces in London and Santa Monica, Darren Carter, a board member of Peel Hunt, and Adam Seale, former CEO of Interactive Investor.

Loic Fonteneau, who led the funding spherical for Blackfin Capital Companions, commented:

“We had been extremely impressed by Abraham and his crew and are thrilled to be supporting them as a part of their journey to ship higher outcomes for IFAs and their shoppers. Timeline has demonstrated a profound understanding of the monetary advisory panorama and a resolute dedication to delivering revolutionary options. We’re satisfied there are a variety of progress alternatives forward of them.”

In 2023, Timeline has continued its exceptional progress trajectory, constructing upon its recognition as “the UK’s fastest-growing discretionary fund supervisor” for each 2021 and 2022, as acknowledged by unbiased analysis agency Nextwealth. Moreover, Timeline stands out as one of many fastest-growing fintech firms to attain the £3 billion AUM milestone.

Timeline’s Chairman, Adam Seale, added:

‘This capital increase will allow Timeline to proceed its spectacular natural progress, whereas offering the flexibleness to reap the benefits of strategic alternatives out there’.

Empowering Monetary Advisers

The synergy between Timeline’s planning software program and its cost-effective mannequin portfolios empowers IFAs to focus on nurturing robust consumer relationships whereas offering them with top-tier instruments to ship optimum outcomes for his or her shoppers.

Approval for the transaction has been obtained from the Monetary Conduct Authority (FCA).