Jump, a provider of AI solutions for financial advisors and other financial services providers, has secured $20 million in Series A funding. The round was led by Battery Ventures, with additional participation from Citi Ventures (which backed Writer and Poolside) and existing investors Sorenson Capital and Pelion Ventures Partners.
This investment highlights the rising demand for AI tools tailored to financial professionals, streamlining administrative tasks and enhancing client interactions. With this, the total funding raised by the company to date accounts for $24.6 million.
With this funding, Jump plans to accelerate product innovation, building out an ever-growing suite of advisor-specific AI workflows and agentic AI work outputs. It will also expand sales and support to meet intense market demand, deepening industry partnerships.
Who is behind Jump?
Jump was founded in 2022 by fintech veterans – Parker Ence, Tim Chaves, and Adam Kirk. Tim Chaves is the former founder and CEO of ZipBooks, which was acquired by Divvy in 2019. After more than a year of intensive research and development, including a closed beta phase, Jump officially launched in January 2024.
Jump’s AI assistant for financial advisors
Jump’s AI assistant seamlessly integrates into advisors’ daily workflows, automating essential tasks such as meeting preparation, note-taking, compliance documentation, CRM updates, and client follow-ups. The platform offers deep customisation based on advisor preferences and integrates with key industry tools, including Zoom, Teams, Salesforce, Wealthbox, and Redtail. Additionally, it provides enterprise-grade compliance controls to align with firms’ regulatory policies.
Its AI meeting assistant, built exclusively for financial advisors and other financial services professionals, was created based on input from thousands of advisor teams. It features fully customisable outputs that match the advisors’ workflows and writing style, all with safety and compliance top of mind.
As per a survey, Jump users save an average of one hour per workday, with 84% rating it superior to alternatives for meeting preparation and follow-ups.
In just a few months, the software has been adopted by advisory firms of all sizes, from solo practitioners to enterprise-level registered investment advisors (RIAs) and independent broker dealers (IBDs). The platform has been embraced by major firms, including LPL Financial, Sanctuary Wealth, Integrated Partners, and Mission Wealth.
Could Jump’s AI assistant be the key to transforming wealth management and improving efficiency for financial advisors? Experts believe the growing adoption and positive feedback suggest it may be on the verge of reshaping the industry.
“On our path to empower advisors and their clients to thrive in the age of AI, our easy-to-use, compliant solution is quickly becoming the standard to help advisors save massive time and enhance client engagement,” said Parker Ence, chief executive officer and co-founder of Jump. “We are incredibly grateful to our customers, partners and team members who embraced this vision early and helped spread the word, driving our growth almost entirely through word of mouth. We love seeing advisors use Jump to focus on their most important work: creating lasting, trusting relationships with their clients as they guide them through some of life’s most critical decisions.”
Jump is helping advisors reclaim their time and focus on building stronger client relationships,” said Jelena Zec, director, venture investing at Citi Ventures. “As the clear leader in this space, they are redefining what’s possible for advisors while meeting enterprise compliance requirements for safe AI implementation – we’re excited to invest in a company that has the potential to shape the future of the industry.”
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