Timeline, a London, UK-based end-to-end financial planning platform, raised £10 million in its Series B funding round.
The round was led by Blackfin Capital Partners, with participation from MTech Capital, board member of Peel Hunt, Darren Carter, and former CEO of Interactive Investor, Adam Seale.
BlackFin Capital Partners is a private equity and venture capital that provides funding and consulting for financial services companies. Founded in 2009, the firm seeks to invest in early-stage to mid-size companies operating in the financial services sector across Europe.
Timeline Use of Funds
The funds will be used to further Timeline's mission of providing financial advisers with state-of-the-art technology to streamline operations and improve outcomes for clients.
Timeline is an end-to-end financial planning platform that offers tools for financial advisers, including initial client fact-finding, risk profiling, cash flow modeling, investment analytics, and Timeline Portfolios (low-cost, high-performing model portfolios). Timeline's mission is to equip financial advisers with cutting-edge technology that simplifies workflows, enhances the client experience, and improves financial outcomes for UK citizens.
The company aims to be among the top three tech and Model Portfolio Service providers for independent financial advisers (IFAs) in the UK, given the substantial £1 trillion in assets under management (AUM) in the UK's financial advice market.
Company: Timeline Holdings Ltd.
Round: Series B
Funding Month: September 2023
Lead Investors: Blackfin Capital Partners
Additional Investors: MTech Capital, Peel Hunt, Darren Carter, and Adam Seale
Company Website: https://www.timeline.co/
Software Category: Financial Planning Technology and Portfolio Management Solutions