Timeline, a FinTech platform serving independent financial advisers, has raised £10 million in Series B funding.

The round was led by BlackFin Capital Partners, a private investment firm specialising in financial technology. 

The milestone coincides with Timeline reaching £3 billion in assets under management, positioning the company firmly on the path to doubling in size by the end of 2023.

Founded in 2018 by CEO Abraham Okusanya, Timeline provides independent financial advisers 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 cost-effective, high-performing model portfolios. 

“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,” said founder and CEO Abraham Okusanya.

“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 £1 trillion in AUM, and we aspire to rank among the top three providers of technology and model portfolio services for IFAs within the next three years.”

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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 also includes participation from existing investors including Mtech Capital, a Fintech VC with offices in London and Santa Monica, Darren Carter, board member of Peel Hunt, and Adam Seale, former CEO of Interactive Investor. 

Loic Fonteneau, who led the round for Blackfin Capital Partners, commented: “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.”

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