Series C20 January 2025

Fundment raises £45m in Series C funding led by Highland Europe to scale its adviser platform.

The Series C round was led by Highland Europe with participation from ETFS Capital to support product development and team expansion.

£45.0MSeries C

Fundment provides a proprietary technology platform designed for financial advisers to manage and monitor investment processes securely. The system integrates back office tools, discretionary investment management, and client portals.

Fundment has secured £45m in a Series C financing round led by Highland Europe, with participation from ETFS Capital. The fresh capital will be directed towards product development and expanding the company team as demand grows.

Founded by Ola Abdul, the firm provides an integrated platform that helps over 500 financial advisory firms handle complex regulatory requirements and streamline their operations. The fundraising remains subject to approval by the Financial Conduct Authority.

From the founder

"Financial advice is a heavily regulated space and it is difficult for fintech platforms to break through unless they truly understand how to manage and enable operations for their customers. For the past six years, we have been building Fundment as the all-in-one tech platform to support a financial advice firm’s every need so they can dedicate more time to delivering value to customers. We now have over 500 firms relying on Fundment, but we’re still in the early stages of our journey. I’m delighted to have the backing of Highland Europe and look forward to working with the knowledgeable team there as we scale Fundment."

Ola Abdul

Founder and CEO at Fundment

Investor perspective

"Financial advisers face a growing need for modern technology to scale amidst increasing client sophistication and regulatory pressure. We are thrilled to be backing Ola and the team at Fundment, who have deep domain expertise in asset management and a unique perspective on the software challenges facing independent financial advisers. Fundment offers an easy to use, transparent, modern investment platform providing comprehensive access to a suite of investment options. There will be powerful tailwinds in this market over the coming years and Fundment is in an ideal position to capitalise."

Gajan Rajanathan

General Partner, Highland Europe