Fundment — Cyborg Score 7/10

Strong
Adviser technology platforms

Strategic Profile

Fundment's proprietary technology integrates core platform services, back-office tools, discretionary investment management solutions and user-friendly portals, making it easier for advisers to operate and monitor their centralised investment proposition, whether outsourced or operated in-house. Founded in 2018 by experienced asset manager Ola Abdul who was previously with abrdn and BlackRock, Fundment was created to solve the technology challenges financial advisers face every day.

Cyborg Score Rationale

Fundment demonstrates strong market traction with 500+ adviser customers, achieved profitability, and has secured substantial growth capital (£45M Series C in January 2025). The unified platform addressing adviser pain points in legacy systems shows solid product-market fit. Regulatory complexity and competition in wealth tech present ongoing challenges.

Top Insights

  • Fundment has doubled its assets under management year-on-year and reached profitability, serving over 500 firms
  • Raised £45 million in Series C led by Highland Europe in January 2025, with funding used for product development, team scaling and expansion
  • Paperless and automated processes help advice firms run a scalable and efficient business that easily meets client demands in an increasingly complex regulatory environment
  • Marketplace platform has access to comprehensive range of investments from Legal & General, BlackRock and HSBC, including OEICs, Unit Trusts, Investment Trusts, ETFs, and equities

Named Competitors

  • FNZ — Wealth platform and digital investment technology
  • Vestmark — Portfolio management and tax optimization for financial advisors
  • Quantfolio — Wealth-tech digital solutions for investment advisory and compliance

Recent Developments

  • (January 2025) Raised £45 million in Series C funding led by Highland Europe, with participation from ETFS Capital
  • (January 2025) Announced expansion into UK public sector pension system, partnering with local authorities and their advisers

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