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Economic Times
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SaaS startup Zeplyn raises $3 million from Leo Capital, others
- NY-based SaaS firm, Zeplyn, has raised $3m in a funding round led by Leo Capital.
- Zeplyn's Meeting Assistant, an AI tool for financial advisors and wealth management firms, converts unstructured conversational data into accurate notes.
- The funds will be used for product development, including expanding the platform's offering and range, and moving into larger firms and global markets.
- Zeplyn aims to help wealth management firms streamline their workflows and save time, with its solution simplifying meeting admin tasks from preparation to follow-up.
- The company is currently targeting smaller advisory firms with ten to 20 advisors or smaller teams, but is now looking to expand into higher end brokers in its industry.
- Zeplyn was born in 2020 by former Google engineers, Era and Divam Jain.
- The firm is seeing particular interest in Canada and Australia, and is considering expansion into India.
- Zeplyn's platform has grown since 2020 to include around 250 advisors.
- Leo Capital's cofounder and managing partner said Zeplyn is enabling better outcomes for advisors, wealth management firms and investors.
- Zeplyn founders stated that the funds raised will be used to expand its engineering and product teams, as well as strengthening its sales and marketing efforts.
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