London, 9 January 2024: ZILO™, the UK-based FinTech specialising in global asset and
wealth management software, is pleased to announce a £25million Series A funding round.

The fundraise, which was oversubscribed, was co-led by Fidelity International Strategic
Ventures (FISV) and Portage, with participation from State Street and Citi signalling strong confidence in ZILO™’s vision and commitment to becoming the leading financial services software innovation company.

Commenting on Fidelity’s investment, James Devlin, Principal, Fidelity International
Strategic Ventures, said:

“Fidelity International Strategic Ventures is excited to back the ZILO™ team who collectively have an impressive track record of disruption in the funds industry. ZILO™’s innovative software solutions enable firms to replace legacy transfer agency technology and end-of-life systems, many of which were developed more than 20 years ago, improving client outcomes by delivering a fully digital platform and user experience. We believe ZILO™ will play an important role in transforming the global asset and wealth industry over the coming years.”

The Series A funds will be utilized to further accelerate product development, drive user
acquisition, and grow ZILO™’s position in the FinTech sector. Moreover, ZILO™ plans to
leverage the investment to expand its reach into new markets and pursue strategic partnerships that will broaden its service offerings.

“Portage is proud to invest in ZILO™. Phil, together with his distinguished team, are building the leading transfer agency platform for the largest custodians in the world. Legacy solutions are near their end of life, leading to significant business continuity risk for many. In a short time, we believe ZILO™ will be the global solution of choice,”

said Adam Felesky, Cofounder and CEO of Portage.

The significant capital infusion marks the second major milestone this year for the business, following the successful go-live of its first client on its revolutionary global digital transfer agency platform at the end of July.

ZILO™ is continuing to gain traction following the onboarding of its first client—a testament to the platform’s robustness and the market’s need for innovative financial solutions. The ZILO™ software, known for its user-centric design and state-of-the-art features, provides an unparalleled experience to both clients and end-users.

ZILO™ were advised by Perella Weinberg Partners and Pinsent Masons LLP, solicitors.

About ZILO™
Incorporated in the UK in April 2020, ZILO™’s mission is to revolutionise global transfer
agency software reducing cost, complexity and creating sustainable value for Global Asset and Wealth Management firms and the customers they serve. To achieve this, we started with a clean slate, a design-driven approach, and a commitment to put people first. ZILO™’s software enables firms to replace legacy software and end-of-life systems, many of which were developed 20+ years ago and leap frog to a real time, digital user experience. For more information, visit www.zilo.co.uk

About Fidelity International Strategic Ventures (FISV)
FISV is a dedicated venture capital team within Fidelity International set up to invest in fintech businesses and technologies. The team invests meaningful minority stakes in early stage fintech businesses, backing bold, disruptive entrepreneurs who are looking to change the face of finance. For more information, visit www.fisv.com

About Portage
Portage is a global investment platform focused on fintech and financial services with US$2.5B under management. Our team partners with ambitious companies across all stages, through Portage Ventures and Portage Capital Solutions. We provide flexible capital and deliver a global network of investors, commercial partners, advisors, and value creation experts. Our dedicated value creation team provides portfolio companies with hands-on support in go-tomarket, tech & cyber, business acceleration and M&A, and partnerships to accelerate their paths to success. With deep industry knowledge and entrepreneurial experience, Portage is committed to supporting the leaders who are reshaping financial services. Portage is a platform within Sagard, a multi-strategy alternative asset management firm with over $14.5B under management, operates in the United States, Canada and Europe. For more information, visit www.portageinvest.com