Avantos, a pioneering US-based financial AI startup, has raised $25 million in a Series A funding round led by Bessemer Venture Partners.
The investment includes strategic participation from major clients Vanguard, Guardian Life, SEI, and Mercer Advisors, bringing total funding to $35 million following a $10 million seed round in 2024.
Founders' Vision and Company Origins
Founded in 2024 by former McKinsey partner Bassam Chaptini and ex-KPMG senior partner Rabih Ramadi, Avantos addresses longstanding challenges in financial client onboarding and servicing.
The duo leveraged emerging AI technologies to create an entirely new operating system, rethinking fragmented tech stacks in wealth management, banking, and insurance.
AI-Native Platform Transforming Financial Operations
Avantos' AI-native platform deploys intelligent agents that integrate data from CRMs, custodians, portfolio tools, and more to reason across client relationships.
These agents shadow advisors by summarizing meetings, drafting emails, automating account openings, and proactively suggesting services like 529 plans based on life events.
By consolidating siloed data, the system enables deeper client relationships, reduces servicing costs, and allows firms to scale to more clients with lower asset thresholds.
Impact on Wealth Management and Beyond
Early adopters like Mercer Advisors, managing $95 billion in AUM, report enhanced advisor-client connections and fulfillment of fiduciary duties.
Vanguard and others highlight how Avantos supports seamless, personalized experiences amid rising client complexity.
Positioned against partial solutions like Boosted.ai and Slant, Avantos offers a holistic approach for enterprises and mid-market firms.
Future Expansion and Market Outlook
The fresh capital will fuel platform growth, including advanced AI agents, core system integrations, and new banking and insurance products.
As AI reshapes financial services, Avantos is poised to capture growing demand for efficient, intelligent client management solutions.
Maria Lourdes
