ZILO, a London-based provider of asset and wealth management software, has raised US$27 million in a Series A2 funding round led by Portage, with participation from State Street, existing shareholders, and management. This follows a £25 million Series A in January 2024, and will support ZILO’s global expansion, entry into new markets, and launch of AI-powered tools for asset and wealth management. 

Founded in 2020, ZILO develops cloud-based platforms that replace legacy transfer agency and administration systems. Its flagship solution, ZILO Global Core, enables real-time digital operations across traditional and digital assets. Since going live in 2023, the platform has been adopted by two of the world’s top five custodians and a leading asset manager. Fidelity and State Street are two notable clients who also show up on the cap table, with Fidelity participating in 2024, and State Street joining in 2025. 

For advisers, platforms, and integrators, this funding highlights institutional demand for scalable, modern infrastructure.

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