Y Combinator–backed Saturn raises $15M to make financial advice affordable for all

Fintech startup Saturn has secured $15 million in Series A funding led by European VC Singular to make financial advice more affordable and accessible. The company, founded in 2023, aims to tackle the "advice gap," where expensive services limit access for most people. This investment signals growing interest in AI-driven solutions to address financial advisory challenges. Saturn's AI technology focuses on automating administrative and regulatory tasks that traditionally consume significant time. The system automates processes like client suitability reports, documentation, and onboarding, reducing processing times significantly. Over 600 advisory firms, including Progeny and Hoxton Wealth, already use Saturn's technology. The primary impact of Saturn's platform will be to lower the cost of financial advice, making it available to a broader audience. By automating compliance, the platform helps advisors to spend more time with clients. This approach could significantly affect the fintech sector by potentially disrupting existing cost structures and widening access to financial planning services across the UK.