Loading organizations...
Parthean provides an AI-enhanced financial planning platform for advisors. It streamlines critical workflows like client onboarding, comprehensive planning, and data extraction. Utilizing AI, the system automates tasks such as identifying tax-efficient strategies, portfolio analysis, meeting preparation, and initial financial plan generation, significantly boosting advisor efficiency and accuracy.
Co-founded in June 2021 by Arman Hezarkhani (CEO), Nikhil Choudhary (CTO), and Jason Zhu, Parthean emerged from a key insight. Recognizing financial advisors' crucial role, they saw technology's potential to enhance operational capabilities. This led to building a platform that directly augments advisor functions through intelligent automation.
Parthean primarily serves financial advisors optimizing practice management and client engagement. It empowers advisors to deliver strategic, personalized guidance, offering clients intuitive access to financial data via applications. Its vision is to fortify the advisory profession through advanced automation, amplifying human expertise for superior client financial outcomes.
Parthean has raised $1.0M across 1 funding round.
Parthean has raised $1.0M in total across 1 funding round.
Parthean is an AI-enhanced financial planning platform built for financial advisors, streamlining client onboarding, data extraction, research, and planning to reduce manual tasks and enhance client relationships.[1][2] It serves financial professionals by automating document processing (e.g., tax returns, investment statements), generating tax-efficient strategies, portfolio analyses, and customizable planning drafts for areas like liquidity, insurance, budgeting, investing, and estate planning, solving inefficiencies in advisor workflows that consume hours on data entry and research.[1][2][5]
The company has raised $1.6M in seed funding, operates from New York with under 25 employees, and reports revenue below $5M, positioning it as an early-stage player in wealth tech with tools like AI paraplanning and 1-page investment memos to deliver personalized client experiences.[1][3]
Founded in 2020 by CEO Arman Hezarkhani, Parthean emerged in New York amid rising demand for AI in fintech, initially focusing on personal finance education before evolving into an advisor-centric platform.[3][5][7] The team's expertise spans engineering (Ryan Sharkey), product/design (Christie Chang), and coaching (Catie Hogan), with backing from notable investors like PearVC, Carnegie Mellon University, executives from Twitter and WhatsApp, Morning Brew co-founder Alex Lieberman, and others including Esther Crawford and Haraldur Thorleifsson.[5]
Early traction included a $1.1M raise three years ago, inclusion in CB Insights' Wealth Tech collections, and a pivot from bite-sized personal finance learning for young professionals—addressing the $415B annual cost of financial illiteracy in America—to a comprehensive AI tool for advisors, driven by the need to make financial information universally accessible and close the wealth gap.[3][5][7]
Parthean rides the AI-in-fintech wave, particularly wealth tech, where automation addresses advisor bottlenecks amid growing client complexity from diverse assets and regulations.[1][3] Timing aligns with post-2020 fintech funding surges and AI adoption, as tools like data extraction and generative AI reduce the $415B societal cost of financial mismanagement while scaling personalized advice.[3][5][7]
Market forces favoring Parthean include rising demand for efficiency in a $100T+ wealth management industry strained by manual processes, plus expert placements in CB Insights collections alongside Rivian and Brex founders' networks.[3] It influences the ecosystem by empowering advisors to deliver hyper-personalized plans, potentially narrowing wealth gaps through accessible insights and ethical market dynamics.[5]
Parthean is poised to expand its AI paraplanner into full-suite advisor platforms, targeting larger RIAs amid AI's maturation in fintech. Trends like multimodal AI for deeper document analysis and regulatory pushes for transparency will accelerate growth, with its seed-stage momentum and investor pedigree enabling hires and features like real-time trading insights.[3][4][5]
As wealth tech consolidates, Parthean could evolve influence by partnering with custodians or integrating with CRM tools, solidifying its role in streamlining advisor-client interactions—ultimately unlocking broader financial freedom as promised in its mission.[5]
Parthean has raised $1.0M in total across 1 funding round.
Parthean's investors include Alumni Ventures, Chingona Ventures, Network Ventures, Seven Seven Six, Nathaniel Whittemore.
Parthean has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2022 | $1M Seed | — | Alumni Ventures, Chingona Ventures, Network Ventures, Seven Seven SIX, Nathaniel Whittemore | Announced |
