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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