Leap Secures USD 20 Million Funding to Broaden AI Options for Monetary Advisors

Leap, a synthetic intelligence (AI) options supplier for monetary advisors, has raised USD 20 million in a Sequence A funding spherical led by Battery Ventures, with participation from Citi Ventures, and current traders Sorenson Capital, and Pelion Ventures Companions. This brings Leap’s complete funding to USD 24.6 million because it goals to develop its AI-powered advisor instruments.

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AI-Powered Productiveness for Monetary Advisors

Leap is used as a productiveness device and has gained traction amongst monetary advisors, from solo practitioners to massive companies. With this funding, Leap plans to speed up product innovation, construct a set of advisor-specific AI workflows and agentic AI work outputs. “Leap may even develop gross sales and help to satisfy ‘intense market demand‘, deepening trade partnerships,” the corporate mentioned.

“We’re thrilled to associate with Leap and lead this Sequence A spherical,” mentioned Dharmesh Thakker, normal associate at Battery Ventures. “Because the wealth trade transitions into the AI period, Leap has rapidly develop into the default selection for particular person monetary advisors and enterprise leaders trying to undertake this transformative expertise in a secure, sensible method.”

Trade Adoption

Leap’s AI assistant integrates with platforms like Zoom, Groups, Salesforce, Wealthbox, and Redtail, automating assembly preparation, notetaking, compliance documentation, and CRM updates, in addition to dealing with monetary planning information and consumer follow-ups.

Since its public launch in January 2024, the corporate, in accordance with the official launch, has reported a month-to-month progress charge of over 35 %, securing partnerships with companies like LPL Monetary, Sanctuary Wealth, Built-in Companions and Mission Wealth.

Recognition

Advisors utilizing Leap report saving a median of 1 hour per workday, with some saving much more. The corporate has additionally acquired trade recognition, together with the Wealthtech Startup of the 12 months award from Datos and three WealthManagement “Wealthies” awards, the corporate mentioned.

“On our path to empower advisors and their shoppers to thrive within the age of AI, our easy-to-use, compliant resolution is rapidly turning into the usual to assist advisors save huge time and improve consumer engagement,” mentioned Parker Ence, chief govt officer and co-founder of Leap. “We’re extremely grateful to our clients, companions and group members who embraced this imaginative and prescient early and helped unfold the phrase, driving our progress nearly solely by means of phrase of mouth.”

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AI Assembly Assistant

Leap says its AI assembly assistant, constructed for monetary advisors and different monetary providers professionals, was created primarily based on enter from 1000’s of advisor groups.

“Leap helps advisors reclaim their time and concentrate on constructing stronger consumer relationships,” mentioned Jelena Zec, director of enterprise investing at Citi Ventures. “Because the clear chief on this house, they’re redefining what’s potential for advisors whereas assembly enterprise compliance necessities for secure AI implementation – we’re excited to put money into an organization that has the potential to form the way forward for the trade.”