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Today: July 1, 2024
January 11, 2024
1 min read

Dispatch: Transforming Advising to Thrive with $8M Seed Funding

TLDR:

  • Dispatch, formerly known as OneAdvisory, has raised $8 million in seed funding for its wealthtech solution.
  • The funding round was led by F-Prime Capital and included participation from existing and new investors.
  • Dispatch aims to use the investment to expand its engineering and client service resources.
  • The company provides a data orchestration platform that seamlessly syncs client data across various software systems used by registered investment advisors (RIAs).
  • The platform eliminates the need for manual data entry and maintenance by updating changes made in one application across the entire tech stack.

Dispatch, previously known as OneAdvisory, has secured $8 million in seed funding for its wealthtech solution. The funding round was led by F-Prime Capital and included participation from existing investors such as Fika Ventures, Great Oaks, and Twelve Below, as well as new investors including CoFound Partners, The Compound Capital Fund I, LP, Flyover Capital, and Valor Equity Partners. The company plans to allocate the funds towards expanding its engineering and client service resources.

Dispatch offers a data orchestration platform that enables registered investment advisors (RIAs) to seamlessly sync client data across their tech stack. The platform works behind the scenes, acting as a coordinator or “dispatcher” of data in real time. This eliminates the need for RIAs to manually enter and maintain client data across multiple applications. Any changes made in one application are updated across the entire tech stack.

The platform also provides an API that offers integration access to popular wealthtech products. By using Dispatch’s API, technology companies can easily integrate their products with the platform, further streamlining data synchronization for RIAs.

The ability to seamlessly manage client data across multiple software systems is a key advantage for RIAs, as it eliminates the need for time-consuming manual data entry and maintenance. By automating data synchronization, Dispatch enables RIAs to focus on providing value-added services to their clients and reduces the risk of data errors and inconsistencies.

With the new funding, Dispatch aims to invest in both engineering and client service resources, further enhancing its platform and expanding its customer base. The company’s rebranding from OneAdvisory to Dispatch reflects its focus on data orchestration and streamlining workflows for RIAs.

In conclusion, Dispatch has raised $8 million in seed funding for its wealthtech solution that enables registered investment advisors to seamlessly sync client data across their tech stack. The funding will be used to expand the company’s engineering and client service resources, further enhancing its platform and offering integration access to popular wealthtech products.

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