London, 7 March 2024: ZILO™, the UK-based FinTech specialising in global asset and wealth management software, has signed an agreement with Fidelity International, a global investment and retirement savings business, to deliver ZILO™’s innovative cloud-based Transfer Agency platform as part of its private assets business operating model.
This follows Fidelity International Strategic Ventures, a dedicated venture capital team within Fidelity International set up to invest in fintech businesses and technologies, investment in ZILO™ as part of its £25m Series A funding round, one of the largest Series A funding rounds of 2023.
This agreement will integrate ZILO™ into the infrastructure of Fidelity International’s private assets business, providing a modern transfer agency solution to support product growth.
This continues the momentum that ZILO™’s innovative platform is building within the market, following the success with its first client, launched in August 2023.
“We are thrilled that Fidelity International, a leading global asset manager, has opted to partner with ZILO™ to support a part of its private assets business,” said Andy Wilson, Deputy CEO, Chief Commercial Officer at ZILO™. “It is testament to the quality of our product that a globally renowned investor has engaged deeply with ZILO™ through an extensive selection process to partner with our firm. It also adds further proof of the progress we are now making with asset managers that insource technology, as well as with the global asset servicers.”
“We are delighted to be partnering with ZILO™ to leverage their market leading technology into our private assets business.” Said Stuart Warner, Global Head of Technology and Enterprise Services at Fidelity International. ““Transfer Agency systems need to modernise to enable firms to meet operating efficiency gains internally as well as delivering the digital experiences that clients will increasingly demand.”
