Firm aims to modernize financial planning with AI

A Canadian software startup that aims to use artificial intelligence (AI) to enhance financial planning has raised $3 million from a pair of venture investors with ties to traditional industry giants.

Winnipeg-based Conquest Planning Inc. said its funding comes from fintech venture investment firms Portag3 Ventures, a venture investor initially formed by Power Financial Corp., and Eight Roads, an investment firm backed by Fidelity International.

Conquest said it aims to simplify financial planning and use AI to help advisors and investors understand the impact of financial decisions.

It plans to release its product later this year.

“We have been looking for a team with a solid plan to truly modernize the financial planning space. We believe we have found that in Conquest,” said Adam Felesky, CEO at Portag3 Ventures.

Felesky said that Conquest’s mission to make financial planning more accessible is “the innovative change this industry — and consumers — desperately need.”

Portag3 Ventures and Eight Roads are each taking a board seat at Conquest.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.