Business veteran Kabir Sethi is becoming a member of the AI-powered note-taking and communications startup Zeplyn as a board member.
Constructed particularly for monetary advisors, the startup in November got here out of stealth and introduced it had raised $3 million in seed funding. The funding was led by Leo Capital and the participation of one other enterprise capital agency Converge, together with angel traders.
Kabir Sethi was already an advisor to the agency on the time of their funding announcement and is now becoming a member of formally as a member of the board.
Most not too long ago, Sethi spent rather less than two years with LPL Financial as managing director and chief product officer. Previous to that, he spent greater than 18 years at Merrill Lynch, the last five as head of digital wealth management. Throughout his previous couple of years he oversaw elevated spending on know-how and rollout of main know-how initiatives from the mixing of Merrill’s monetary planning and portfolio evaluation platforms to on-demand client-personalized video presentations and rollout of fully digital client onboarding.
Zeplyn can take unstructured conversational information and convert it into notes, making assembly prep, note-taking and post-meeting workflows extra environment friendly and to assist advisors fulfill compliance necessities. It may be used for each digital and in-person conferences and dictation and is built-in with a number of common advisor CRM platforms, together with Salesforce, Redtail and Wealthbox.
The startup was based by two former Google engineers, CEO Period Jain and CTO Divam Jain (the 2 will not be associated).
Zeplyn competes with a rising variety of different purposes that do a lot the identical factor or that overlap with each other. These embrace AdvisorAI (previously called SIFA), Advisor X, Jump, Yourstake, zocks.io, and instruments inside each the Nitrogen and Orion RedTail CRM platforms, amongst others.
Sethi and Zeplyn shall be attending the annual T3 know-how convention being held in Dallas throughout the first week of March.
