Powder Finance develops AI software for wealth management analysis and workflows.
Founded in 2023, Powder Finance provides an AI platform for wealth management professionals. Its software gathers prospect data from brokerage statements and K1s, updates portfolio information, classifies securities, and supports allocation analysis, risk identification, and client conversion. Based in Los Altos, US, the company raised USD 5 million in seed funding in July 2024 from FundersClub, General Catalyst Partners, Litquidity, Script Capital, Y Combinator, Elefund, individuals, and other investors. It offers annual Starter and Professional subscriptions.
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