PlannerPal raises $6m from Mercia Ventures for its financial advice platform
The funding round was led by Mercia Ventures with participation from Ada Ventures and strategic fintech investors.
≈ £4.5M at $1 = £0.7574 on 7 Oct 2026
PlannerPal builds artificial intelligence software for British financial advisers and mortgage brokers, connecting client records across existing systems.
PlannerPal has secured $6m in a funding round led by Mercia Ventures. Existing backer Ada Ventures also participated alongside strategic fintech investors and angels.
The capital will be deployed to expand the engineering and product divisions, support ongoing customer deployments, and accelerate the development of client intelligence features.
Investor perspective
"Financial advice firms are sitting on an extraordinary amount of valuable client information, but much of it is fragmented across conversations, documents and different systems. The first opportunity for AI was obvious: remove the manual work of capturing it. The bigger opportunity is making the client data firms already hold work better,"
Mark Whitcroft
Founding Partner, Illuminate Financial
Use of funds
- 01Continue product development
- 02Grow the team
Investors
Categories
About the company
PlannerPal
PlannerPal provides artificial intelligence platforms for the British financial advice sector.