Wealth management platform FNZ has secured $650 million (£494m) in fresh equity funding from institutional shareholders, including clients like Aberdeen Group and Aviva, which will support the firm’s long-term business plan.

One of the world’s largest fintechs, claiming over $2 trillion in assets on its platform, FNZ said the capital injection “reflects continued support” for its strategy and leadership team, and is evidence of the role its technology is playing in modernising the wealth management industry. 

In addition to FNZ clients such as FirstCape, Ninety One, and Nucleus Financial Platforms, the new investment is backed by leading institutions including La Caisse, Generation Investment Management, CPP Investments, and Motive Partners.

According to the company, which has offices in Edinburgh, the fresh funding will strengthen its credit profile and support long-term growth by allowing further investment in tech, talent, and product development, while staying focused on client delivery.

“Over the past year, we have created the conditions for FNZ’s long-term success: putting client delivery at the core of our plans, instilling operational discipline, and driving profitable growth. The opportunity ahead is huge, and this capital allows us to grasp it with both hands,” said Blythe Masters, FNZ CEO.

The investment marks the second equity raise from major global investors over 2025, following $500 million secured in April, which itself followed $1 billion of capital committed by shareholders in August 2024.

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The last year has seen the firm expand its global footprint, securing new mandates and renewing partnerships with financial institutions across four continents, while also teaming up with Microsoft and inking deals with AJ Bell, UniCredit, and FirstCape to deliver the tech behind their financial platforms.

The company also recently celebrated the launch of Advisor AI, a new genAI tool baked directly into FNZ’s platform, designed to help financial advisors deliver more personalised advice 

Meanwhile, in the UK, FNZ recently wrapped up its FCA-led Section 166 review, with the accompanying Voluntary Requirement (VREQ) formally lifted in April after the firm invested significantly in its governance, delivery, risk management and operational frameworks.