London-based fintech platform Timeline has reached a ‘double-milestone’ with the announcement of a £10m Series B funding round led by Blackfin Capital Partners in financial technology and reaching £3bn in Assets Under Management (AUM). These achievements are expected to position the company to double in size by 2023. Two of Timeline’s senior executives originally hail from the North East. Chief Commercial Officer, Ed Carey, grew up in Skelton-in-Cleveland and Chief Marketing Officer, Tom Newbould, is a University of Teesside graduate and former Director of Marketing & Communications at NCG and Attends Healthcare in Newcastle. Timeline provides Independent Financial Advisers (IFAs) with financial planning software, including modules for initial client fact-finding, risk profiling, cashflow modelling, investment analytics and Timeline Portfolios, a suite of cost-effective, high-performing model portfolios.
Founder and CEO Abraham Okusanya said: “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.” The platform’s Chief Commercial Officer, Ed Carey, commented on the company’s progress, stating that he is “looking forward to the next chapter of Timeline’s exciting progress, and in particular supporting Financial Advisers and firms throughout Teesside and the North East with our best-in-class technology and MPS service. By helping them, we are supporting millions of people in the region to prepare better financial plans for their retirement.” Additionally, Chief Marketing Officer, Tom Newbould, added: “Timeline is a special business with a clear mission. By supporting financial advisers throughout the North East and beyond we’re helping to improve a vital part of financial services which makes a real difference to people’s retirement plans. It’s a pleasure to help drive the business forward and to deliver such significant, fast growth with superb colleagues and customers.”
