Wealth Wizards has confirmed that is in ongoing discussions with potential investors with a view to raising further growth capital to support its development and broaden its investor base; alongside its existing investor LV=.
The new funding round will accelerate the adoption of the financial advice technology provider's software-as-a-service (SaaS) platform and artificial intelligence (AI) capabilities to drive expansion within the financial advice, banking, insurance and employee benefits markets. It also plans to develop new products for the wider digital financial services market.
"Investors may include both strategic and financial parties and the discussions coincide with an inflexion point in demand for conversational AI and chatbot solutions," read a statement.
Wealth Wizards' end-to-end technology platform allows customers to automate regulated customer journeys to engage, advise and execute on everyday financial planning decisions.
The company is based in Leamington Spa, and has 80 employees.
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