Leo Capital leads $3 Mn round in Zeplyn

Zeplyn, designed to streamline wealth management workflows, has raised $3 million in a seed funding round led by Leo Capital. The round also saw participation from several angels and VC funds – Converge.

The company had previously raised $2.6 million in the same round in June this year.

The company will use the fresh capital to expand its team, accelerate product development, and beef up sales & marketing efforts, Zeplyn said in a press release.

Co-founded in 2023 by 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. It Streamlines meeting prep, note-taking and post-meeting workflows while fulfilling compliance requirements.

According to Zeplyn, it 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.

The startup enables financial advisors to streamline meeting admin from prep to follow-up, automatically updating client records while protecting PII (Personally Identifiable Information). It is built to meet the unique workflow requirements and security and compliance standards of the wealth management community.

Zeplyn claims to cut down manual work by more than 90% and saves financial advisors an average of 10-12 hours per week.