AI FinTech startup Saturn has raised £11 million in Series A funding led by Singular, with backing from Shapers, Y Combinator and Zeno Ventures.

The funding will accelerate product development and expand the company’s AI-powered platform, which automates compliance and admin tasks for financial advisers.

Founded in 2023 by Amal Jolly, Michael Ettlinger and Rohit Vaish, the London-based firm’s mission is to make high-quality financial advice accessible to one billion people by drastically reducing the cost to serve each client.

Its compliance-focused AI aims to cut the time spent on suitability reports, onboarding and documentation from hours to minutes.

The business also plans to use the new capital to scale its technology, grow its team and further close the UK’s financial advice gap.