The round was led by MTech Capital with participation from FNZ and Darren Carter.
"Timeline is on a mission to help 10 million people face their financial future and retirement with confidence by rebuilding the operating system for professional financial advice. We believe financial advisers will always play a critical role in ensuring people are making the right financial decisions for their future. With the right technology, they make a real difference for their clients and that’s why we’ve designed an operating system centered around them."
The Glasgow technology firm secured £3.6m led by FNZ to prepare for its commercial launch.
"Our personal experiences are what led to us to establish Exizent. We believe the administrative tasks facing families after the death of a loved one should be far easier, and that modern technology solutions and services can make this a reality."
Prudential and FNZ jointly led the six-figure investment into the digital vault startup.
"Life organisation and Legacy planning is something that can fill many with dread. While it is understandably a sensitive subject and strenuous task, it’s important that services like ours make it as easy as possible to prepare for life’s unexpected events. It’s important to highlight how it is never too early to think about the future and to keep plans updated throughout your life."
The funding round was backed by FNZ alongside industry executives and existing investors to expand enterprise capabilities.
"FNZ remains committed to solving the problems faced by consumers of long-term savings products, by using our own technological and servicing capabilities and by supporting wider independent innovations in the sector. We are building an ‘App Store’ for our platform customers, enabling startups and third-party providers to seamlessly connect with platforms and provide services to platform users – promoting choice within the wealth management solutions market."
