North East executives celebrate double-milestone as London fintech raises £10m

Two North East born company executives are celebrating a ‘double-milestone’. Timeline, a London based fintech platform dedicated to independent financial advisers, has announced a £10m Series B funding round led by BlackFin Capital Partners, a private investment firm specialising in financial technology.

This milestone coincides with Timeline reaching £3bn in Assets Under Management (AUM), positioning the company firmly on the path to doubling in size by the end of 2023. The firm has no less than two of its senior team originating from the North East and Teesside.

Ed Carey, who was born in Middlesbrough and grew up in Skelton-in-Cleveland, is Timeline’s Chief Commercial Officer, joined the business in 2020 after a successful career in Investment Management.

In 2021, he was joined on Timeline’s Executive team by Chief Marketing Officer Tom Newbould, a former Director of Marketing & Communications at NCG and Newcastle based Attends Healthcare, and University of Teesside graduate.

Founded in 2018 by CEO Abraham Okusanya, Timeline has emerged as a ‘trailblazing force’ in the financial advice industry.

The company provides Independent Financial Advisers (IFAs) with financial planning software, encompassing modules for initial client fact-finding, risk profiling, cashflow modelling, and investment analytics, in addition to Timeline Portfolios, a suite of cost-effective, high-performing model portfolios.

Ed commented: “I’m looking forward to the next chapter of Timeline’s exciting progress, and in particular supporting Financial Advisers and firms throughout Teesside and the North East with our best-in-class technology and MPS service. By helping them, we are supporting millions of people in the region to prepare better financial plans for their retirement.”

Tom added: “Timeline is a special business with a clear mission. By supporting financial advisers throughout the North East and beyond we’re helping to improve a vital part of financial services which makes a real difference to people’s retirement plans.

“It’s a pleasure to help drive the business forward and to deliver such significant, fast growth with superb colleagues and customers.”

Timeline’s founder and CEO Abraham Okusanya concluded: “This financing round will enable us to double down on our mission of providing financial advisors with cutting-edge technology that simplifies their workflow, elevates the client experience, and ultimately improves financial outcomes for millions of people in the UK.”

By Matthew Neville – Senior Correspondent, Bdaily

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