Josh Scott, betakit
Winnipeg FinTech startup Conquest Planning has raised $7.5 million from a trio of existing investors to accelerate its production innovation efforts. The round saw participation from Portage Ventures, Fidelity International Strategic Ventures, and IGM Financial.
Founded in 2018, Conquest’s software uses artificial intelligence (AI) to help advisors and consumers better understand the impact of financial decisions. Conquest said it has seen significant market demand for its offering, which can support both consumer-initiated financial planning and digital co-planning with advisors.
The fresh funding comes less than 18 months after Conquest raised $3 million CAD in seed funding. Conquest plans to use the new capital to bolster its product innovation, expand internationally, and build out its team. According to the startup’s CEO, Conquest also plans to expand into the United Kingdom and Canada.