Open Advice, a London, UK-based provider of a hybrid-advice platform, raised a total £250K in funding.
It included £100K from the founders and £150K SEIS from Symvan Capital.
The company intends to use the funds to expand operations and its development efforts.
Founded by First Wealth directors Anthony Villis and Robert Caplan with brothers Charlton and Elliott Santana, Open Advice provides an ecosystem that enables clients to complete tasks in one place: from accessing financial plans and managing investments to opening an ISA and generating valuations and compliance reports. The technology can be white labelled for other advice firms.
Open Advice is already plugged into P1 Investment Services, so clients can access discretionary managed, low cost evidence based portfolios easily.
FinSMEs
12/04/2023