The investment round was led by European VC Singular, with commitments also coming from Shapers, Y Combinator and Zeno Ventures.

With the fresh funds, Saturn plans to bolster its product development initiatives and grow its platform to help advisors serve more clients. The funds will also allow the team to accelerate the development of the next-generation of AI, as well as grow its AI, engineering, research, customer delivery and partnerships teams.

Founded in 2023, Saturn aims to make human-led advice more accessible through the power of AI. Its platform can automate manual admin and regulatory workflows, reducing work that what would have previously taken multiple hours to complete down to just 20 minutes of review. The technology supports suitability reports, meeting documentation, onboarding and pension transfer processing. By removing the manual workloads, advisors can spend more time focused on providing advice.

Saturn CEO Amal Jolly said, “Advisors and their teams quietly change lives, giving families confidence and peace of mind. Our job is to empower the humans in the financial advice process. By doing the heavy-admin-lifting and making compliance much more reliable and less painful, we can helping financial advice professionals offer their life-changing services to more people at a significantly lower cost.”

Saturn is used by over 600 advisory firms, consolidators, national firms and ad vice networks, including Progeny, Hoxton Wealth, Perspective Financial Group and Insight Financial Associates.

Progeny COO Tim Gillman said, “Adopting Saturn, and AI, is a natural evolution in Progeny’s journey. It delivers what our colleagues and clients from a modern advice firm and supports our ambitions to deliver a market-leading, client-focused and scalable service.”