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Cion Digital introduced a rebrand to UPTIQ this week.The brand new identify is designed to mirror the corporate’s deal with bringing financing options to wealth managers and advisors.Headquartered in Texas and based in 2021, the corporate made its Finovate debut at FinovateSpring 2022.
Monetary intelligence platform supplier Cion Digital, which made its Finovate debut at FinovateSpring final Might, has rebranded. The Austin, Texas-based firm introduced this week that its new identify is UPTIQ. The brand new moniker is designed to underscore the corporate’s dedication to carry its lending options to companies within the wealth administration business.
“As our enterprise mannequin evolves, we would like our identify to mirror who we’re and what we do,” firm Chief Advertising and marketing Officer Katie Robinson stated. “UPTIQ displays the outcomes we anticipate our options to carry to advisors and their purchasers – the upward motion we would like for all our stakeholders. We wish to encourage and set up our trustworthiness as a associate to monetary advisors.”
UPTIQ provides a platform that permits wealth advisors to develop their AUM by offering loans to assist finance purchases, liquidity, and dealing capital. The corporate’s Monetary Intelligence Platform leverages information analytics and AI to make sure purchasers are provided financing options that match their objectives and preferences. The corporate has secured partnerships with a lot of lenders reminiscent of Credibility Capital, Financial institution 34, and Celtic Financial institution which have made their lending options obtainable on the platform.
“With the UPTIQ Monetary Intelligence Platform, wealth advisors can collaborate with lenders and their purchasers all through the mortgage origination course of and really feel assured they’ve recognized the very best mortgage product to fulfill their purchasers’ wants,” UPTIQ founder and CEO Snehal Fulzele stated. “Our new identify displays the worth we provide to all stakeholders.”
UPTIQ will even supply wealth managers and advisors different providers along with financing. These choices embrace entry to deposits, different investments, and insurance coverage. The objective is to allow wealth managers to develop their companies by providing extra holistic providers that embody greater than conventional wealth administration.
Based in 2021, the corporate demoed its Crypto Dealership Platform at FinovateSpring 2022. The expertise, a blockchain orchestration platform, allows auto sellers and different retailers of “huge ticket” objects to just accept cryptocurrency as cost. The corporate ended final 12 months with a brand new partnership, teaming up with fellow Finovate alum upSWOT to carry embedded finance options to wealth managers and business mortgage brokers to assist them serve their SME clients. UPTIQ raised $12 million in seed funding somewhat over a 12 months in the past in a spherical led by Inexperienced Visor Capital and 645 Ventures.
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