Quinn, an AI-driven financial planning and advice platform, announced an $11 million seed funding round led by Viola Fintech.
The company's platform embeds within existing financial platforms to provide personalized wealth advice at scale. This addresses the limitations of traditional advisory models characterized by low advisor-to-client ratios. Quinn uses AI to automate core advisory tasks, aiming to increase advisor productivity and expand access to financial planning.
"The future of wealth management isn’t about replacing advisors, it's about amplifying them," commented Royi Markowitz, Co-Founder & CEO at Quinn.
Quinn's platform offers features such as advisor-level onboarding in under 12 minutes, instant financial plans generated in 30 seconds, and tools to boost upselling and cross-selling. The platform is available as an embedded, co-branded, or fully white-labeled experience, enabling seamless API integration.
The company was founded by a team with extensive experience in fintech and machine learning. The funding will support the company's continued growth and expansion.
Several companies offer AI-powered financial planning tools. These include firms like SigFig, which provides automated portfolio management, and Betterment, known for its robo-advisor services. Other competitors are emerging, focusing on various aspects of automated financial advice and wealth management.
