Saturn raises £11.3m as it eyes adviser cost to serve benefits

The £11.3m funding round was led by European VC Singular, with participation from Shapers, Y Combinator and Zeno Ventures. Saturn said the funding will "accelerate the development of next-generation AI tools and technology that enable financial advisers to deliver faster, more scalable and more compliant advice". The London-based firm will also expand its engineering, product and partnerships teams. Saturn is looking to invest in its technology in a bid to help advisers cut down the cost to serve clients. It is targeting a 90% cost to serve reduction, which would reduce the cost to...