SaaS startup Zeplyn raises $3 million from Leo Capital, others

Software-as-a-service company Zeplyn, which streamlines wealth management workflows, has raised $3 million in a funding round led by early-stage venture capital firm Leo Capital.

The round also saw participation from Converge VC along with several angel investors.

“The funds will primarily be used for product development and innovation. We are expanding our engineering and product teams, as well as strengthening our sales and marketing efforts. We aim to grow our presence not only in the US but also consider global expansion,” cofounder Era Jain told ET in an interaction.


Founded in 2023 by former Google engineers Era and Divam Jain, the New York-based company’s artificial intelligence (AI) Meeting Assistant is tailored for financial advisors and wealth management firms. The tool converts unstructured conversational data into accurate notes, the company said.

“While our primary focus is on the US, we are targeting boutique firms. These are smaller advisory firms, typically with 10 to 20 advisors or even smaller teams, and they often lack operational resources. That's our current target market,” Era said.

“However, after this funding round, we are expanding our focus. We are now looking at larger firms, brokerages, and considering expansion into other global markets, with India being one of them,” she added. The company is also seeing interest from countries like Canada and Australia.

The startup aims to delve deeper into wealth management workflows, and expand both its product range and offerings. The company has around 250 advisors on the platform.

“Zeplyn enables financial advisors to streamline meeting admin from prep to follow-up, automatically updating client records while protecting PII (Personally Identifiable Information),” said Divam Jain.

Commenting on the investment, Shwetank Verma, cofounder and managing partner, Leo Capital, said, “The startup brings the wealth management industry into the age of AI, enabling better outcomes for advisors, RIAs, wealth management firms and ultimately, investors. Zeplyn allows advisors to spend more time advising and elevating their client experience.”