Australian startup Marloo, a technology company developing AI tools for financial advisers, has raised US$2.7 million in funding to expand its platform and accelerate product development.

The company operates across the UK, Australia, and New Zealand, aiming to provide advisers with AI-first software that reduces administrative burdens and supports client relationships.

The round was led by Blackbird Ventures, the first investors in Canva, with participation from CoVentures.

It also included a group of fintech leaders and company founders, among them Tom Hambrett (Chief Legal Officer, Revolut), Sam Halse (former COO, Adyen), Philip Fierlinger (Co-founder, Xero), Tom Kelly (Co-founder, Heidi Health), and Warren Hogarth (Co-founder, Tilt).

Samantha Wong, General Partner at Blackbird Ventures, said:

“What makes the Marloo team exceptional is their product obsession: prioritising a beautiful, intuitive AI-first experience, adopting a global-first mindset, and building a product-led strategy that reminds us of the early days of Canva.”

Marloo reports a 45% month-on-month growth in adoption, with advisers referring to the platform as their “most loved” AI solution.

The company’s current offering includes customised meeting templates, searchable knowledge bases, team collaboration tools with secure sharing, and adherence to enterprise-grade security standards including SOC 2 Type 2 and GDPR compliance.

According to Marloo, the funding will be used to accelerate its roadmap, introduce new features based on adviser feedback, and strengthen support for wealth management, planning, insurance, and mortgage firms.

Featured image credit: Marloo

The article first appeared on Fintech News Singapore