Leading Fintech Timeline Secures £10m in Series B Funding, Surpasses £3bn AUM, and Continues to Transform the Financial Advice Industry

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Timeline, a pioneering British Fintech platform for independent financial advisers, announces a successful £10m Series B funding round led by BlackFin Capital Partners, a specialised private investment firm in financial technology. This milestone coincides with Timeline surpassing an impressive £3 billion in Assets Under Management (AUM), positioning the company for exponential growth by the end of 2023.

Timeline, a prominent British Fintech platform dedicated to serving independent financial advisers (IFAs), is thrilled to announce the successful closure of a £10 million Series B funding round. The round was led by BlackFin Capital Partners, a leading private investment firm specialising in financial technology. This achievement comes as Timeline reaches a significant milestone of managing over £3 billion in Assets Under Management (AUM), solidifying its trajectory to double in size by the close 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 state-of-the-art financial planning software, encompassing modules for initial client fact-finding, risk profiling, cashflow modeling, and investment analytics. Additionally, Timeline offers Timeline Portfolios, a suite of cost-effective, high-performing model portfolios. What sets Timeline apart is its ability to deliver these tools as an end-to-end integrated package, ensuring that IFAs in the UK benefit from a seamless digital experience.

Abraham Okusanya, Founder and CEO of Timeline, expressed his enthusiasm for the funding round, stating:

“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 expanding 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, a 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.

Adam Seale, Chairman of Timeline, 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 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).

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