UK-based fintech platform Timeline has raised £10m ($12.2m, €11.5m) in a Series B funding round led by BlackFin Capital Partners, a private investment firm specialising in financial technology.
Founded in 2018 by chief executive Abraham Okusanya, Timeline provides IFAs with financial planning software, encompassing modules for initial client fact-finding, risk profiling, cashflow modelling, and investment analytics, in addition to Timeline Portfolios—a suite of model portfolios.
The firm said that the Series B funding will play a “pivotal role in extending Timeline’s reach and enhancing its product offerings”. The investment will drive the development of new features, improvements to existing modules, and deeper integration with other financial platforms. Additionally, it will support Timeline’s efforts to expand its market presence.
The funding round included participation from existing investors including fintech venture capital firm Mtech Capital, Darren Carter, board member of Peel Hunt, and Adam Seale, former chief executive of Interactive Investor.
Loic Fonteneau, who led the round for Blackfin Capital Partners, said: “We were highly impressed by Abraham and his team and are thrilled to be supporting them as part of their journey to deliver better outcomes for IFAs and their clients. Timeline has demonstrated a profound understanding of the financial advisory landscape and a resolute commitment to delivering innovative solutions. We are convinced there are a lot of growth opportunities ahead of them.”
Okusanya added: “This financing round will enable us to double down on our mission of providing financial advisors with cutting-edge technology that simplifies their workflow, elevates the client experience, and ultimately improves financial outcomes for millions of people in the UK.
“I’m truly delighted that our mission has resonated so deeply with financial advisers and our valued investors. The UK’s financial advice market represents a staggering £1trn in assets under management, and we aspire to rank among the top three providers of technology and model portfolio services for IFAs within the next three years.”
Approval for the transaction has been received from the Financial Conduct Authority (FCA).
