Dispatch (fka OneAdvisory), a Miami, FL-based provider of a wealthtech solution enabling client data management for registered investment advisors (RIAs), raised $8M in Seed funding.
The round was led by F-Prime Capital, with participation from existing investors Fika Ventures, Great Oaks and Twelve Below and new investors CoFound Partners, The Compound Capital Fund I, LP, a venture capital fund established through Ritholtz Wealth Management, Flyover Capital, the affiliated venture capital fund of Mariner Wealth Advisors, and Valor Equity Partners.
The company intends to use the funds to invest in both engineering and client service resources.
Co-founded by Madalyn Armijo, Rafi Lurie and Rob Nance, Dispatch is a wealthtech data orchestration company, which works to sync client data across the advisor’s tech stack and to free wealthtech companies from the burden of continually building and maintaining integrations. RIAs work with Dispatch because they want client data to seamlessly flow across their tech stack. Dispatch operates silently behind the various software products that firms use. It acts as a coordinator, “dispatching” data across systems in real time. This means that firms can instantly onboard clients to their entire tech stack, eliminating the need to re-enter and maintain data across applications. Any changes made in one application are updated across the tech stack. Additionally, Dispatch’s API provides technology companies with integration access to the industry’s most popular wealthtech products.
FInSMEs
11/01/2024