Winnipeg, Canada-based provider of a technology platform for financial planning, Conquest Planning, closed its Series A funding at CAD 24 million. The company announced the closure on February 7, 2023. Fidelity International Strategic Ventures led the financing for the firm. Meanwhile, Portage and new investors such as BNY Mellon and Royal Bank of Canada (“RBC”) joined in the funding.
Purpose of funding for Conquest Planning
With the latest financing, the company seeks to invest in continued growth and investments of its platform user experience. Besides, Conquest Planning has plans to go for ongoing expansion into key markets such as the United States and the United Kingdom.
What the company’s official has to say
Dr Mark Evans, CEO of Conquest Planning, “Demand for tech-enabled financial experiences, whether consumer-initiated or advisor-led, is increasing exponentially. We are proud to work with reputable and forward-thinking firms that recognize the scope of this opportunity. Each of our partners brings far more than capital to the table. They offer key strategic benefits that will undoubtedly prove instrumental in our efforts to scale and make a difference in people’s financial lives.”
What the investors have to add
Ainslie Simmonds, president of Pershing X, a BNY Mellon, said, “Conquest shares in our mission to maximize advisors’ time and make quality financial advice available to all. Its platform helps address a pain point for advisors—the lack of interoperability between customer relationship management technology (CRM) and other critical elements of their tech stacks. Conquest’s integrated solution is designed to streamline advisors’ workflows, helping boost productivity, job satisfaction, and client service.”
In addition, Barrie Laver, managing director and head of venture capital & private equity at RBC, said, “Investors across the globe need help to look beyond numbers so that they can better see and understand their financial lives. We share Conquest’s view that the rapid innovation underway in the Canadian wealth management ecosystem will soon be embraced on a global scale. We’re thrilled to partner with this mission-driven team and help them bring engaging, hyper-personalized financial experiences to a broader audience.”
About the company
Mark Evans launched the company in 2018. Conquest Planning is Canada’s leading financial planning software company with a purpose-driven approach to delivering financial advice. The company simplifies the financial planning process for advisors and makes personalized planning accessible for all consumers, adding tangible value for retail investors and high-net-worth families alike.
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