Leo Capital Leads $3 Mn Investment in Zeplyn

Leo Capital led a $3 million seed fundraising round for Zeplyn, a company that streamlines wealth management procedures. Several angel investors and venture capital funds, including Converge, also participated in the round.

In June of this year, the company raised $2.6 million in a similar round.

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In a press release, Zeplyn stated that the company would use the additional funding to increase its workforce, speed up product development, and strengthen its sales and marketing initiatives.

Zeplyn, which was co-founded in 2023 by Era and Divam Jain, lessens the administrative load on financial advisors while enhancing the advisor-client relationship by automating tedious processes and increasing access to customer intelligence. Specifically created for wealth management companies and financial advisors, the company's AI Meeting Assistant transforms unstructured conversational data into incredibly precise notes. It meets regulatory requirements while streamlining the processes for meeting preparation, note-taking, and post-meeting.

Zeplyn claims that it provides a platform-neutral solution that can be applied to dictations and both in-person and virtual meetings. It allows for a plug-and-play into current infrastructures and integrates with the advisor technology stack through a number of out-of-the-box connectors, such as Salesforce and wealth-specific CRMs like Redtail and Wealthbox.

The startup protects personally identifiable information (PII) while allowing financial advisers to automate the process of meeting administration, from preparation to follow-up. It is designed to satisfy the particular workflow needs as well as security and compliance requirements of the wealth management industry.

About Zeplyn 

Zeplyn saves financial advisers an average of 10–12 hours a week and reduces manual labor by over 90%, according to the company.

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