ZILO has raised $74.3M in total across 3 funding rounds.
ZILO's investors include Peak XV Partners, Abhishek Bansal, Alteria Capital, Ayyappan R., Chiratae Ventures, Info Edge ventures, Kunal Shah, Lalit Keshre, Preeta Sukhtankar, Sachin Oswal, Sreevathsa Prabhakar, Stride Ventures.
ZILO is a UK-based FinTech company founded in 2020 that builds a cloud-based, AI-enabled platform transforming global transfer agency software for asset and wealth management firms.[1][2][4] It offers a business transformation platform, global transfer agency solutions, and migration services leveraging machine learning for improved data integrity, replacing legacy systems over 30 years old to slash costs, risk, and user friction.[1][2] Serving custodians like State Street and managers like River Global, ZILO solves inefficiencies in investor and distributor gateways by enabling optimized, efficient, transparent services with digital-first experiences.[1] The company has raised $31.82M in unattributed VC funding, including a $27M Series A2 round, and boasts strong growth momentum with a Mosaic Score up +92 points recently, plus successful client onboardings.[1][2]
ZILO Technology Limited was incorporated on April 20, 2020, in London, UK, initially as With Quin Limited, then renamed Xilo Technology Limited before becoming ZILO in December 2021.[3] Founded by CEO Phil Goffin and a team of software, operations, digital, and product experts with decades of experience at leading global firms, the company emerged from a "clean technology slate" and design-driven approach to address outdated transfer agency systems.[1][2][4] Early traction came via State Street as a Series A investor, supporting platform development and leading to ZILO powering State Street's UK transfer agency launch and River Global onboarding, highlighting pivotal innovation in operating models.[1]
ZILO rides the FinTech wave modernizing asset and wealth management amid regulatory pressures, digital transformation demands, and legacy system failures in transfer agency—a critical investor gateway.[1][2] Timing aligns with post-pandemic shifts to cloud/AI tech, where market forces like cost pressures and efficiency needs favor disruptors over 30-year-old platforms.[1][4] By partnering with giants like State Street, ZILO influences the ecosystem, accelerating adoption of optimized models and setting standards for global scalability in a fragmented industry.[1]
ZILO's momentum—evidenced by funding, score gains, and client wins—positions it to capture more market share in global transfer agency as AI deepens efficiencies.[1][2] Upcoming trends like expanded AI integration and regulatory tech will shape its path, potentially evolving influence through broader custodian adoptions and international expansions.[1][4] With accounts due for 2025 showing sustained activity, ZILO could redefine sustainable value in asset management, building on its clean-slate transformation of outdated software.[3]
ZILO has raised $74.3M across 3 funding rounds. Most recently, it raised $15.3M Series A in February 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 5, 2026 | $15.3M Series A | Peak XV Partners | Abhishek Bansal, Alteria Capital, Ayyappan R., Chiratae Ventures, Info Edge ventures, Kunal Shah, Lalit Keshre, Preeta Sukhtankar, Sachin Oswal, Sreevathsa Prabhakar, Stride Ventures |
| Sep 1, 2025 | $27.0M Series A | Portage Ventures | |
| Jan 1, 2024 | $32.0M Series A | Portage Ventures |
