Canada-headquartered financial planning software provider Conquest Planning has raised C$24m (£15m, $18m, €16.7m) during a Series A funding round.
This latest capital raise brings Conquest’s total funding to date to almost C$35m.
The Series A round, which was led by Fidelity International Strategic Ventures, saw BNY Mellon and Royal Bank of Canada become investors of the advice tech firm.
Conquest Planning said it will use the funds to support its “continued growth and investments in its platform user experience”, as well as its ongoing expansion into “key markets” such as the US and the UK.
The firm expanded into the UK and the US last year – after being founded in Canada in 2018.
Mark Evans, chief executive of Conquest Planning, said: “Demand for tech-enabled financial experiences, whether consumer-initiated or adviser-led, is increasing exponentially. We are proud to work with reputable and forward-thinking firms that recognise the scope of this opportunity.
“Each of our partners brings far more than capital to the table – they offer key strategic benefits that will undoubtedly prove instrumental in our efforts to scale and make a difference in people’s financial lives.”
Conquest Planning aims to help financial advisers improve efficiency and enhance client engagement through technological tools.
