Jump Secures $20 Million in Series A Funding to Expand AI Solutions for Financial Advisors

Jump Secures USD 20 Million Funding to Expand AI Solutions for Financial Advisors

Secured partnerships with LPL Financial, Sanctuary Wealth, Integrated Partners, and Mission Wealth. Jump, an artificial intelligence (AI) solutions provider for financial advisors, has raised USD 20 million in a Series A funding round led by Battery Ventures, with participation from Citi Ventures, and existing investors Sorenson Capital, and Pelion Ventures Partners. This brings Jump's total funding to USD 24.6 million as it aims to expand its AI-powered advisor tools. Also Read: BlackRock Plans to Hire 1,200 People in India, Expand AI Capabilities: Report Jump is used as a productivity tool and has gained traction among financial advisors, from solo practitioners to large firms. With this funding, Jump plans to accelerate product innovation, build a suite of advisor-specific AI workflows and agentic AI work outputs. "Jump will also expand sales and support to meet 'intense market demand', deepening industry partnerships," the company said. "We are thrilled to partner with Jump and lead this Series A round," said Dharmesh Thakker, general partner at Battery Ventures. "As the wealth industry transitions into the AI era, Jump has quickly become the default choice for individual financial advisors and enterprise leaders looking to adopt this transformative technology in a safe, practical way." Jump's AI assistant integrates with platforms like Zoom, Teams, Salesforce, Wealthbox, and Redtail, automating meeting preparation, notetaking, compliance documentation, and CRM updates, as well as handling financial planning data and client follow-ups. Since its public launch in January 2024, the company, according to the official release, has reported a monthly growth rate of over 35 percent, securing partnerships with firms like LPL Financial, Sanctuary Wealth, Integrated Partners and Mission Wealth. Advisors using Jump report saving an average of one hour per workday, with some saving even more. The company has also received industry recognition, including the Wealthtech Startup of the Year award from Datos and three WealthManagement "Wealthies" awards, the company said. "On our path to empower advisors and their clients to thrive in the age of AI, our easy-to-use, compliant solution is quickly becoming the standard to help advisors save massive time and enhance client engagement," said Parker Ence, chief executive officer and co-founder of Jump. "We are incredibly grateful to our customers, partners and team members who embraced this vision early and helped spread the word, driving our growth almost entirely through word of mouth." Also Read: Zoho Expands AI Capabilities with Zia Agents, Agent Studio, and Marketplace Jump says its AI meeting assistant, built for financial advisors and other financial services professionals, was created based on input from thousands of advisor teams. "Jump is helping advisors reclaim their time and focus on building stronger client relationships," said Jelena Zec, director of venture investing at Citi Ventures. "As the clear leader in this space, they are redefining what's possible for advisors while meeting enterprise compliance requirements for safe AI implementation - we're excited to invest in a company that has the potential to shape the future of the industry."

Jump rises $20m to bring AI to financial advisors' workflows

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This investment underscores the rapidly growing demand for advisor-specific AI tools that streamline administrative tasks and empower financial professionals to elevate the advisor and client experience. Founded by repeat fintech entrepreneurs, Jump has quickly established itself as an indispensable productivity tool to advisory firms of all sizes - from solo practitioners to enterprise-level registered investment advisors (RIAs) and independent broker dealers (IBDs). The firm has raised $24.6 million capital to date, and this latest funding will advance its mission to empower financial advisors and their clients to thrive in the age of AI. With this funding, Jump plans to accelerate product innovation, building out an ever growing suite of advisor specific AI workflows and agentic AI work outputs. Jump will also expand sales and support to meet intense market demand, deepening industry partnerships. "We are thrilled to partner with Jump and lead this Series A round," said Dharmesh Thakker, general partner at Battery Ventures. "We were impressed by Jump's leading product and market position, the quality of their team, their rapid growth and the positive reviews they've received from their customers. As the wealth industry transitions into the AI era, Jump has quickly become the default choice for individual financial advisors and enterprise leaders looking to adopt this transformative technology in a safe, practical way." Jump's AI assistant integrates seamlessly into advisors' workflows, automating critical tasks like meeting preparation, notetaking, compliance documentation, CRM updates, handling financial planning data and client follow-ups. Jump is deeply customizable depending on advisor preferences; it also integrates with existing advisor tools, including Zoom, Teams, Salesforce, Wealthbox, Redtail and more. Jump also provides extensive enterprise controls that allow compliance teams to configure Jump to their specific policy requirements. This funding announcement follows a period of significant momentum for Jump, including rapid adoption by leading firms and significant recognition for its innovative AI solutions. Key milestones include: "On our path to empower advisors and their clients to thrive in the age of AI, our easy-to-use, compliant solution is quickly becoming the standard to help advisors save massive time and enhance client engagement," said Parker Ence, chief executive officer and co-founder of Jump. "We are incredibly grateful to our customers, partners and team members who embraced this vision early and helped spread the word, driving our growth almost entirely through word of mouth. We love seeing advisors use Jump to focus on their most important work: creating lasting, trusting relationships with their clients as they guide them through some of life's most critical decisions." Jump's award-winning AI meeting assistant, built exclusively for financial advisors and other financial services professionals, was created based on input from thousands of advisor teams. Jump features fully customizable outputs that match the advisors' workflows and writing style, all with safety and compliance top of mind. "Jump is helping advisors reclaim their time and focus on building stronger client relationships," said Jelena Zec, director, venture investing at Citi Ventures. "As the clear leader in this space, they are redefining what's possible for advisors while meeting enterprise compliance requirements for safe AI implementation - we're excited to invest in a company that has the potential to shape the future of the industry."

Jump Raises $20 Million for AI-Powered Financial Advice Tools | PYMNTS.com

Jump, which provides artificial intelligence tools to financial advisors, raised $20 million in new funding. "This investment underscores the rapidly growing demand for advisor-specific AI tools that streamline administrative tasks and empower financial professionals to elevate the advisor and client experience," the company said in a Monday (Feb. 3) news release. Jump's AI assistant integrates into advisors' workflows, automating tasks like meeting preparation, notetaking, compliance documentation, customer relationship management updates, overseeing financial planning data and client follow-ups, according to the release. The company's technology also integrates with existing advisor tools, such as Zoom, Teams, Salesforce, Wealthbox and Redtail, the release said Jump will use the new funding to accelerate product innovation, "building out an ever-growing suite of advisor specific AI workflows and agentic AI work outputs," per the release. In addition, the company will expand sales and support to meet market demand. AI is emerging as a force within business process automation. Companies are embracing AI to automate repetitive tasks as well as more complex processes such as compliance monitoring, fraud detection and supply chain optimization, using tactics like combining robotic process automation (RPA) with AI to streamline workflows. "The back office has long been overlooked in conversations about innovation, but its transformation is no longer optional," PYMNTS wrote in January. "With rising uncertainty, regulatory complexities and competitive pressures, companies are seeking ways to streamline operations, improve decision-making and unlock efficiencies." For decades, the finance function has served as the company's operational backbone, but not without challenges. Manual data entry, reconciliation and reporting make up the bulk of workloads, with employees often taking hours to navigate disjointed systems. These inefficiencies are worse for small- to medium-sized businesses (SMBs), which often don't have the resources for large-scale finance teams or advanced tools. "AI offers a compelling solution by automating repetitive tasks, enhancing accuracy and delivering real-time insights," PYMNTS wrote. "While automation tools have existed for years, the addition of AI transforms them into dynamic systems capable of learning, adapting and uncovering patterns that humans might miss."