Most AI startups promise to revolutionize financial services. London’s Saturn just raised €12.9 million in fintech Series A funding to do something far less sexy—but potentially more impactful: making financial advice 90% cheaper by automating the compliance paperwork that keeps it locked behind £2,000-a-year paywalls.
The round was led by European VC Singular, with participation from Shapers, Y Combinator, and Zeno Ventures. According to the Financial Conduct Authority, fewer than one in ten people in the UK received professional financial advice last year. Saturn’s founders believe that gap exists not because people don’t need advice, but because delivering it costs too much.
Saturn’s fintech Series A tackles the advice gap with AI-powered compliance automation
Founded in 2023 by Amal Jolly, Michael Ettlinger, and Rohit Vaish, Saturn has built an AI system specifically for financial advice firms to comply with local regulations, including FCA and Consumer Duty rules. The technology slashes the time required for tasks like client reports, meeting summaries, and pension transfer paperwork from four hours to just 20 minutes of adviser review.
“Behind every financial plan is a human story,” said Jolly. “Advisers and their teams quietly change lives, giving families confidence and peace of mind. Our job is to empower humans in the financial advice process.” By automating the heavy administrative lifting, Saturn enables firms to reduce operational costs by up to 90%, dropping the cost per client from £2,000 to approximately £200 annually.
The platform already supports over 6,500 advisers and integrates with popular industry tools to create a single source of truth for client data. More than 600 advisory firms, including Progeny, Hoxton Wealth, Perspective Financial Group, and Insight Financial Associates, use Saturn. Moreover, the company has doubled its market share in the past five months—a clear signal that the market is ready for AI-driven compliance solutions.
From Y Combinator to €12.9M: Saturn scales AI infrastructure for wealth management
Saturn’s funding lands amidst notable momentum in AI-enabled fintech across Europe. Startups such as France’s Finary and Spain’s Flanks have secured significant rounds to scale AI-driven wealth-management platforms. Additionally, UK-based Zango AI raised €4 million to enhance compliance automation, while Czechia’s Resistant AI attracted €21 million to expand financial-crime detection solutions.
Jeremy Uzan, co-founder and GP at Singular, commented: “We have rarely seen such an ambitious, high-velocity founding team that combines deep technical expertise with real industry insight. They have built an exceptional group around them that moves fast, executes with focus and attracts top talent—and their early traction already reflects their ambition.”
The newly raised capital will accelerate product development and expand teams in AI, engineering, research, and customer delivery. Saturn aims to establish itself as the core AI infrastructure powering advice firms, automating compliance, wealth management, intelligence, and operational workflows in one platform. Furthermore, the funding enables Saturn to make financial advice faster, more scalable, and more reliable.
Jolly concluded: “Over the next three years, our focus is on establishing Saturn as the core AI infrastructure powering advice firms. The new funding accelerates this with investment into AI, engineering and deep industry collaboration, enabling advice to be delivered faster, more compliant and at a fraction of today’s cost.”
Saturn proves that the most transformative fintech innovations don’t always involve flashy consumer apps. Sometimes, they’re found in the unglamorous back-office systems that make essential services accessible to everyone—one automated compliance check at a time.