Fuel Ventures has invested £4 million in Fundpath, a 2021 startup that says it uses AI, technology, and collective data to modernize the fund-buying process.
With Fundpath, asset managers can rapidly determine who, when, and about what they should be speaking with, allowing wealth managers to focus on matters that are significant to them.
To close the information gap between asset managers and wealth managers, Fundpath created a financial software. The business offers wealth managers a quick and secure way to communicate with the asset management sector.
“Our mission is to bridge the information disconnect between the buyers and sellers of funds. Over the last 18 months, we’ve been working even closer with the wealth and asset management industry to do just that. Now, with Fuel’s investment and hands-on support, we can continue to innovate, launch supporting tech platforms, and invest in the very best people.
said, Fundpath Co-Founder & CEO, Jamie Hinchliffe
The seed funding round was led by Fuel Ventures and will enable the business to extend the breadth and depth of its systems and data and to invest in new technologies.
By eliminating the need for fund buyers to call various asset management companies and receive pointless offers, the software seeks to save them time.
Additionally, by conveying pertinent, timely, and actionable investment information, this aids asset management fund distribution teams in providing superior client experiences. This raises the standard and relevance of engagement between fund buyers and sellers.
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