Jump has recently closed an $80 million Series B round of funding. This round of funding was led by Insight Partners. The funding will go towards further developing the company’s AI Operating System. This round of funding brings Jump’s total amount of funding to $105 million in only two years. The platform is designed to meet the needs of today’s wealth management professionals. The platform automates tasks such as meeting notes and CRM updates. This allows financial advisors to spend more time building relationships with clients. The company has grown at a rapid pace to support over 27,000 financial advisors in North America.
Additionally, nearly one in every ten financial advisors in the U.S. uses Jump’s technology. The platform has already processed over 183 years of cumulative meeting data. This data is enough to allow the platform to make proactive growth recommendations. As such, Jump is no longer just an automation platform but an orchestration layer.
“An enterprise RIA recently shared that Jump ranked number one among more than 40 AI pilots they ran last year in terms of delivering real advisor impact and measurable ROI for the firm,” said Parker Ence, co-founder and chief executive officer of Jump. “They saw not only Jump’s usual one to two hours saved per advisor per day, but also a meaningful increase in their overall organic growth rate. This new funding will allow us to invest aggressively in product research and development as we accelerate our vision for an AI-native operating system. We are grateful for the trust our customers, partners and investors have placed in us, and we are excited about the days, months and years ahead.”
Accelerating Innovation and Industry Adoption
The new capital will drive the next wave of technological innovation for Jump. In addition, the company is set to roll out agentic AI solutions that will help detect risks for clients. The two aspects will help financial advisors make proactive decisions. Currently, Jump is the leading software in advisor satisfaction, as reported by recent industry publications. The company’s high position in advisor satisfaction is attributed to its seamless workflows and strong compliance measures. The shift to the intelligence layer helps companies deal with complex firm structures. As a result, enterprise RIAs and broker-dealers are adopting Jump at a record pace. The company is adding over 2,000 new advisors to its platform every month. Jump is still the fastest-growing software application in the history of wealthtech.
“We believe Jump is defining the category for AI in financial services,” said Crissy Behrens, managing director at Insight Partners. “The team has demonstrated exceptional product velocity, strong enterprise traction and a clear product vision for where AI is headed in wealth management and beyond. We believe Jump’s clarity of purpose, as well as its focus on real advisor needs, well position the company to shape what comes next for the industry.”
“The power of AI presents an opportunity for financial professionals to enhance their operations to better serve their clients,” said Eric Thomes, chief distribution officer at Allianz Life. “Jump is focused on the type of practical, advisor-first innovation that can help financial professionals today and in the years ahead.”
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News Source: Businesswire.com
