AI-Funded Venture Bolsters Ambitious Expansion of AI-Driven Personal Finance Platform, Securing $100M
Winnipeg-based Conquest Planning, a pioneer in AI-driven financial planning, has announced a significant growth strategy following its recent $100 million Series B financing round. The funding, led by Growth Equity at Goldman Sachs Alternatives, has attracted major fintech venture capitalists such as Canapi Ventures, BDC Capital, Citi Ventures, TIAA Ventures, and USAA.
Key elements of Conquest's growth strategy include:
1. Accelerated U.S. Expansion: With the fresh capital, Conquest aims to broaden its reach across American financial institutions and advisors, solidifying its presence in the U.S. market.
2. Technology Investment: The company will continue to invest in its core product, the Strategic Advice Manager (SAM), enhancing its capabilities to deliver more robust plan analysis and efficient onboarding, as well as dynamic content creation for clients.
3. Scaling Personalized Advice: Conquest's goal is to enable financial advisors, banks, brokerages, wirehouses, insurance firms, and pension providers to offer personalized financial advice at scale, targeting both retail investors and high-net-worth clients.
4. Cross-Border Growth: In addition to the U.S., Conquest is strengthening its capabilities in the U.K. and Canada, aiming to onboard more advisors and clients across these markets.
5. Enhanced Client Engagement: The company is developing new tools and modules to improve client engagement, streamline onboarding, and provide dynamic, AI-generated content that enriches the overall client experience.
6. Board and Partnerships: With new board members from Goldman Sachs Alternatives and continued backing from existing investors, Conquest is deepening its strategic partnerships and bringing additional expertise to its leadership.
These initiatives are designed to solidify Conquest Planning as a leading provider of AI-driven financial planning solutions in a highly competitive market. Currently, Conquest claims to support over 60 percent of Canada's financial advisor market, and its platform includes notable organizations such as RBC, Manulife, BNY Pershing, and Raymond James.
In an effort to make financial advice more accessible, Conquest has also introduced SAM Bytes, a tool designed to support individuals not yet working with advisors. Dr. Mark Evans, CEO of Conquest, stated that the inefficient and inaccurate trial-and-error-based financial planning era is over, and Conquest is poised to lead the way in the new era of AI-driven financial planning.
Existing investors BNY and Portage also contributed to the financing round, demonstrating their confidence in Conquest's vision and potential for growth. With its expanded resources and strategic partnerships, Conquest is well-positioned to continue its growth trajectory and transform the financial planning industry.
- The growth strategy of Winnipeg-based Conquest Planning, a leading AI-driven financial planning company, includes scaling personalized advice to financial institutions, banks, brokerages, wirehouses, insurance firms, and pension providers in both the United States and international markets, with a focus on the U.K. and Canada.
- To deliver more robust plan analysis and efficient onboarding, as well as dynamic content creation for clients, Conquest Planning will continue to invest in its core product, the Strategic Advice Manager (SAM), leveraging technology and artificial-intelligence to solidify its dominance in the competitive financial services industry.
