Timelineapp secures £1.8m funding round to meet global demand for next-gen retirement planning solutions

Timelineapp, the next-generation retirement income software, has secured £1.8 million in funding, in a round which included global platform-as-a-service provider FNZ becoming a non-controlling minority investor.

Other participants in the round include Capital Asset Management’s CEO Alan Smith, Open Money’s CEO Anthony Morrow and Andrew Hart, as well as existing investors Jason Butler, Adam Seale and Tim Wright.

The new capital is expected to enhance Timelineapp’s enterprise capabilities to scale delivery of its digital retirement income planning experience for advisers, providers and their clients.

Timelineapp also hopes to expand on its next-generation capability using its RITA API to empower wealth management platforms globally. To date, Timelineapp has already developed integrations in the US and UK with SS&C Advent, Morningstar, Redtail, Intelliflo, Nucleus, 7IM and IRESS – with more exciting integrations on the horizon.

Income planning is coming into increasing focus due to shifts in global demographics. In recent years, Timelineapp has invested heavily in its enterprise integration capabilities for large-scale deployment of intelligent decumulation. Timelineapp’s latest release, including live track and enterprise insights, will deliver best-in-class personalised retirement journey planning.

Timelineapp founder and CEO Abraham Okusanya, said:

This investment is an incredible endorsement of our vision to help transform decumulation planning around the world.

Our mission is to help advisers and providers create evidence-based, data-driven and elegantly simple retirement income strategies in which the money outlives the people. The new capital will enhance Timelineapp’s enterprise capabilities to scale delivery of its digital retirement income planning experience for advisers, providers and their clients.

With users in UK, US, Canada and Australia, Timelineapp has a global ambition and our software is available in multiple jurisdictions. We couldn’t have asked for a better partner than FNZ, a global player in the platform-as-a-service space.

Adrian Durham, Group CEO of FNZ, said:

FNZ remains committed to solving the problems faced by consumers of long-term savings products, by using our own technological and servicing capabilities and by supporting wider independent innovations in the sector. We are building an ‘App Store’ for our platform customers, enabling startups and third-party providers to seamlessly connect with platforms and provide services to platform users – promoting choice within the wealth management solutions market.

Timelineapp provides a promising innovative proposition for retirement and decumulation planning, which is experiencing growing interest globally and on which financial regulators, including the FCA via its Investment Pathways initiative, place strong focus. Timelineapp will be made available via the FNZ App Store, and we look forward to supporting Timelineapp as it continues to add value for clients worldwide.

Adam Seale, Chairman of Timelineapp, said:

This investment will power the next stage of growth for Timelineapp, which has the most practical and insightful digital solution for advisers who are guiding their clients through the critical investment and pension withdrawal decisions post retirement.

Michael Kitces, a shareholder and member of Timeline’s advisory board, said:

For so long, retirement planning tools have done little more than illustrating the need to save more for retirement. However, little was done to show prospective retirees their actual preparedness to decumulate in retirement, especially given the uncertainties of market volatility. Timelineapp is a much-needed solution to fill the void.

Abraham is the Founder and CEO of Timelineapp. He has authored the Beyond the 4% rule book, written several industry papers and delivered many talks. He holds a master’s degree from Coventry University and an alphabet soup of designations, including the Investment Management Certificate, Chartered Financial Planner and Chartered Wealth Manager.


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