A Significant Funding Milestone
Timeline is thrilled to announce a successful £10 million Series B funding round. This significant achievement coincides with another major milestone for the company reaching £3 billion in Assets Under Management (AUM). With these accomplishments, Timeline is well on its way to doubling its size by the end of 2023.
Key Players in the Funding Round
The Series B funding round was spearheaded by Blackfin Capital Partners, a renowned private investment firm with a focus on financial technology. With a presence in major European cities like London, Paris, Brussels, and Frankfurt, Blackfin’s involvement signifies a transformative phase in Timeline’s evolution. Notably, the funding round also saw contributions from existing investors such as MTech Capital, board member Darren Carter of Peel Hunt, and Adam Seale, the former CEO of Interactive Investor.
Accelerated Growth and Recognition
Timeline’s growth trajectory has been nothing short of impressive. After being recognized as ‘the UK’s fastest growing DFM in 2021 and 2022’ by independent reports from Nextwealth, the company’s rapid achievement of the £3 billion AUM milestone is a testament to its commitment. This dedication is evident in their provision of a cost-effective framework for financial advice firms, benefiting both clients and advisers.
A Word from the Leaders
Abraham Okusanya, the CEO and Founder of Timeline, expressed his enthusiasm about the funding, emphasizing the company’s mission to equip financial advisors with state-of-the-art technology. This technology aims to streamline their workflow, enhance client experiences, and ultimately improve financial outcomes for millions in the UK. With the UK’s financial advice market boasting a staggering £1 trillion in AUM, Timeline aspires to be among the top three tech and Model Portfolio Service providers for IFAs in the coming years.
Loic Fonteneau, representing Blackfin Capital Partners, praised Abraham and his team for their deep understanding of the financial advisory landscape and their unwavering commitment to innovation.
What Lies Ahead for Timeline
Adam Seale, Timeline’s chairman, highlighted that the capital raise would bolster Timeline’s organic growth and provide the agility to seize strategic market opportunities. The company remains grateful to its partners, including the exceptional IFAs and firms they collaborate with, and is optimistic about the future.
For those interested in leveraging Timeline’s innovative technology to deliver unparalleled value to clients, more information is available on their platform.
Please email us your feedback and news tips at hello(at)techcompanynews.com