What is Zilo?
Zilo operates within the financial technology (fintech) industry, specifically targeting the transfer agency services market. The company's core offering is a cloud-based platform designed to bring efficiency, scalability, and innovation to asset and wealth managers. By replacing traditional, often cumbersome, legacy systems, Zilo aims to streamline complex operations for its clientele. This strategic positioning allows Zilo to address a critical need for modernization in a sector that requires robust and reliable service delivery, thereby empowering financial institutions to focus on growth and client service.
How much funding has Zilo raised?
Zilo has raised a total of $58.8M across 1 funding round:
Series A
$58.8M
Series A (2025): $58.8M with participation from Citi, Fidelity International, State Street, and Portage Mutual Insurance
Key Investors in Zilo
Citi
Citi, a multinational financial services corporation founded in 1812, offers a broad spectrum of banking and financial services, indicating a strategic interest in Zilo's fintech solutions for operational enhancement.
Fidelity International
Fidelity International, a global asset management firm based in London, provides investment solutions and wealth management, suggesting a focus on Zilo's ability to improve services for asset managers.
State Street
State Street partners with institutional investors worldwide, offering investment management and servicing, aligning with Zilo's goal to enhance operational capabilities for large financial institutions.
What's next for Zilo?
The substantial enterprise-level funding, culminating in the recent major strategic investment, signals Zilo's strong growth trajectory and market potential. This capital infusion is poised to fuel further technological development, expand market reach, and enhance service capabilities. Zilo's focus on efficiency and scalability suggests a strategic intent to capture a larger share of the transfer agency market, potentially through further innovation in cloud solutions and data management. The company's ability to attract significant backing from established financial entities indicates confidence in its business model and its capacity to disrupt traditional service models within the asset and wealth management ecosystem.
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