Timeline secures £10m funding to double £3bn AUM size

The MPS provider secures Series B funding for national expansion

Sahar Nazir
clock • 1 min read

Timeline has secured £10m in fresh funding and will look to “double in size” after recently reaching £3bn in assets under management (AUM).

The managed portfolio service (MPS) provider today (25 September) announced a Series B funding round led by private equity firm BlackFin Capital Partners. The funding has come as Timeline reaches £3bn in AUM, positioning the firm to "double in size" by the end of 2023. The Series B funding will also be used by Timeline to increase its product offerings and allow for the development of new features, updates to existing modules, and integration with other financial platforms. Founder and chief executive Abraham Okusanya said: "This financing round will enable us to double down on our...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Majority of IFAs 'concerned' about artificial intelligence

Majority of IFAs 'concerned' about artificial intelligence

Three in five believe regulations on use of AI tools should be made stricter

Sahar Nazir
clock 08 December 2023 • 2 min read
Model portfolio services outperform adviser platform market

Model portfolio services outperform adviser platform market

NextWealth says 41% of advisers expect to increase MPS use next year

Sahar Nazir
clock 08 December 2023 • 1 min read
PA Working Lunches: Register today to hear from Schroders

PA Working Lunches: Register today to hear from Schroders

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 08 December 2023 • 1 min read