Jump
Overview
Jump is a tech company based in Salt Lake City, Utah, founded in 2023 by Parker Ence, Adam Kirk, and Tim Chaves. It specializes in developing AI-powered solutions tailored for financial advisors, aiming to enhance efficiency by automating tasks like meeting preparation, notetaking, and client interaction management. As of early 2025, Jump has successfully raised $24.6 million in funding, with significant investments from Battery Ventures, Sorenson Capital, and Citi Ventures.
Recent Developments
- February 2025: Jump completed a $20 million Series A funding round led by Battery Ventures, with participation from Citi Ventures. This injection of capital is set to accelerate product innovation and expand Jump's AI workflows targeted at financial advisory processes.
- January 2025: The company reported being on a rapid growth trajectory with key partnerships established across the financial services sector, including collaborations with LPL Financial and Sanctuary Wealth.
- 2024 Developments: Jump exited its closed beta and saw a monthly growth rate of over 35%. The company has been increasingly recognized within industry circles, with accolades such as 'Wealthtech Startup of the Year' by Datos and multiple 'Wealthies' awards for innovative AI solutions.
- Technological Expansion: Jump has continuously improved its AI platform, which now integrates with major industry tools like Salesforce and Redtail, enhancing its utility for financial advisors.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Salt Lake City, Utah, USA |
| Founders | Parker Ence, Adam Kirk, Tim Chaves |
| Revenue | Undisclosed |
| Profits | Undisclosed |
| Key Investors | Battery Ventures, Sorenson Capital, Citi Ventures |
| Industry | Financial Services Software |
| Number of Employees | Approx. 200 |
Early History
Founded in 2023, Jump was conceived by fintech entrepreneurs with a shared vision of transforming the financial advisory field using artificial intelligence. The inception stemmed from co-founders' experiences consulting with RIAs and broker-dealer firms, recognizing a persistent need for streamlined operations in financial advisory practices. The company launched its first beta version in early 2024 and swiftly captured market interest due to its innovative approach to meeting management and client interaction.
Company Profile and Achievements
Jump operates as a niche provider of AI-driven solutions explicitly designed for financial advisors. The company focuses on automating mundane tasks to free advisors from administration-heavy duties. Here are key achievements:
- Funding Success: Built a substantial financial foundation with over $29.2 million raised in total funding by early 2025.
- Product Integration: Jump's platform offers seamless integration capabilities with major CRM systems and communication tools, boosting its competitive edge.
- Industry Recognitions: Garnered notable industry awards, accentuating its role as a technology disruptor in wealth management.
- Employee Growth: Expanded from a small founding team to over 200 employees, a testament to the growing demand and operational scale.
Current Operations and Market Position
Jump positions itself as a leader in the niche market of AI solutions for financial advisors, offering a high level of customization and ease of integration that has quickly made it a preferred choice within the industry. With industry-standard security and compliance features, Jump is recognized for advancing advisor-client relations while ensuring efficiency and productivity. Its continual updates and enterprise-level controls make it a robust choice in a burgeoning market segment prescribed to technology-focused firms.
Conclusion
As of 2025, Jump stands as an influential player in the financial services software industry, leveraging cutting-edge AI technologies to drive innovation and efficiency for financial advisors. With formidable growth, strategic partnerships, and significant venture backing, Jump is well poised to influence the fintech landscape, enhancing advisory practices in the rapidly evolving era of AI-driven finance. Its future trajectory suggests potential expansions into more comprehensive financial service roles, supported by a steadfast commitment to technological excellence and market responsiveness.