Zocks Raises $13.8Million To Boost AI For Financial Advisors

Zocks, a platform focused on privacy-first AI for financial advisors, has secured $13.8 million in a Series a funding round.

Motive Ventures led the investment, with support from Lightspeed Venture Partners and other firms like Expanse Venture Partners, Entrée Capital, and 14Peaks. The company said this funding will help develop new AI tools while keeping strong personal connections between advisors and their clients.

Since its launch in early last year, Zocks has grown quickly, with over 1,000 financial advisory firms using its platform. The company has formed partnerships with major fintech platforms like Wealthbox, Redtail, and Practifi. Zocks also works with well-known financial firms, including Carson Group, Osaic, RFG Advisory, and Cambridge Financial Group.

New Investment Will Help Zocks Develop AI-Powered Tools For Advisors

Zocks will use the funding to improve its AI technology, grow its team, and expand its market reach. Over the next year, the company plans to enhance its AI agents, which help financial advisors by automating tasks like email responses, account applications, and form processing. Zocks also aims to introduce new analytics features that will help firms better understand their business data.

The company revealed plans to expand into the European market while continuing to refine its AI services. Mark Gilbert, leader and co-founder of Zocks, stated that financial advisors need better ways to use client data for real-time insights. He said this investment will help the company grow its AI solutions, expand its team, and build deeper connections with financial firms.

The principal of Motive Venture, Harsh Govil, revealed that they had put in so much investment in Zocks because the firm is not just another option or part of the industry but a major part and a leader in the AI driven financial advisory tool.

Zocks goes far beyond just giving a smooth experience to users but creates deeper ideas and automations for monetary firms. He also affirmed that motive Venture range of investment and companies work with about 100,000 advisors and is directed by over $22 trillion points assets, becoming a firm partnership.

Industry Leaders Support Zocks’ Expansion Plans

Lightspeed Venture Partners also shared confidence in Zocks’ growth. Arif Janmohamed, a partner at Lightspeed, stated that the company has shown strong execution, proving that financial advisors need smarter automation tools. He added that as Zocks expands its team and enhances its AI, Lightspeed remains committed to supporting the company’s vision.

Zocks has received financial backing from several investors, including companies like Lightspeed, Motive Ventures, Global Founders Capital, and Ascend. Zocks has revealed that this new funding will allow them to keep growing their AI technology and also to introduce their services to more people working in the financial advisory firms.