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Bozeman tech company AdvicePay to expand after raising $500,000 with Montana’s Front Street Capital Management and Goodworks Ventures leading the funding round.
AdvicePay https://advicepay.com/ , a Bozeman-based payment processing company for financial advisors, raised $500,000 in its initial funding round, the company announced Wednesday.
Two Missoula investment firms — Front Street Capital Management https://www.frontstreetcap.com/ and Goodworks Ventures https://goodworksventures.com/ — led the seed funding.
Moore said most of the seed funding will go toward hiring a handful of local developers and salespeople.
By Lewis Kendall Chronicle Staff Writer
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Montana Career Opportunity – Chief Technology Officer (CTO) – AdvicePay http://www.matr.net/article-79742.html
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AdvicePay Secures $500k Seed Round for First Compliant Payment Processing FinTech Solution for Financial Advisors
Co-founded by financial planning entrepreneurs and industry influencers Alan Moore and Michael Kitces, AdvicePay gives advisors the ability to bill and collect financial planning fees directly from a client’s credit card, or bank account via Automated Clearinghouse (ACH). To ensure compliance with RIA custody regulations and avoid triggering custody audit requirements, AdvicePay also provides a portal for clients to directly enter and manage their payment information, review invoices and payments, and confirm any billing changes, while limiting advisors’ access to private payment information.
