Timeline, a leading British Fintech platform dedicated to independent financial advisers, is delighted to announce a £10m Series B funding round led by BlackFin Capital Partners, a private investment firm specialising in financial technology. This milestone coincides with Timeline reaching an impressive £3 billion in Assets Under Management (AUM), positioning the company firmly on the path to doubling in size by the end of 2023.

Founded in 2018 by CEO Abraham Okusanya, Timeline has emerged as a trailblazing force in the financial advice industry. The company provides Independent Financial Advisers (IFAs) with best-in-class financial planning software, encompassing modules for initial client fact-finding, risk profiling, cashflow modelling, and investment analytics, in addition to Timeline Portfolios—a suite of cost-effective, high-performing model portfolios. What sets Timeline apart is its capacity to deliver these tools as an end-to-end integrated package, ensuring IFAs in the UK benefit from a seamless digital experience.

Timeline’s founder and CEO Abraham Okusanya said:

“This financing round will enable us to double down on our mission of providing financial advisors with cutting-edge technology that simplifies their workflow, elevates the client experience, and ultimately improves financial outcomes for millions of people in the UK.

I’m truly delighted that our mission has resonated so deeply with financial advisers and our valued investors. The UK’s financial advice market represents a staggering £1 trillion in AUM, and we aspire to rank among the top three providers of technology and Model Portfolio Services for IFAs within the next three years.”

The Series B funding will play a pivotal role in extending Timeline’s reach and enhancing its product offerings. The investment will drive the development of new features, improvements to existing modules, and deeper integration with other financial platforms. Additionally, it will support Timeline’s efforts to expand its market presence.

The funding round also includes participation from existing investors including Mtech Capital, a Fintech VC with offices in London and Santa Monica, Darren Carter, board member of Peel Hunt, and Adam Seale, former CEO of Interactive Investor.

Loic Fonteneau, who led the round for Blackfin Capital Partners, commented:

“We were highly impressed by Abraham and his team and are thrilled to be supporting them as part of their journey to deliver better outcomes for IFAs and their clients. Timeline has demonstrated a profound understanding of the financial advisory landscape and a resolute commitment to delivering innovative solutions. We are convinced there are a lot of growth opportunities ahead of them.”

In 2023, Timeline has continued its remarkable growth trajectory, building upon its recognition as “the UK’s fastest-growing discretionary fund manager” for both 2021 and 2022, as acknowledged by independent research firm Nextwealth. Furthermore, Timeline stands out as one of the fastest-growing fintech companies to achieve the £3 billion AUM milestone.

Timeline’s Chairman, Adam Seale added:

‘This capital raise will enable Timeline to continue its impressive organic growth, while providing the flexibility to take advantage of strategic opportunities in the market’.

The synergy between Timeline’s planning software and its cost-effective model portfolios empowers IFAs to focus on cultivating strong client relationships, while also providing them with top-tier tools to deliver optimal outcomes for their clients.

Approval for the transaction has been received from the Financial Conduct Authority (FCA).

ENDS

About Timeline:

Timeline is a financial technology company on a mission to help millions of people plan, invest for, and enjoy retirement with confidence. Timeline manages over £3bn of AUM in its discretionary model portfolios, and provides an integrated financial software suite that includes Fact Finding, Cashflow, Risk Profiling, Reporting and Portfolio Analytics.

About Blackfin Capital Partners:

BlackFin Capital Partners is an independent private equity and venture capital firm investing in European companies across financial services and technology, with more than $3bn in assets under management as of June 2023. BlackFin manages more than $600m in its venture strategy, and has invested in about 20 fast-growing fintechs and insurtechs to date.