Alternative investments technology firm Eleven has released Eleven OS 7 in an effort to enhance efficiency in the sector.
Eleven OS 7 changes the interaction of data between investor profiles and private investments, bringing more simplicity, centralisation, data transparency and integrity to the global private investment process.
The highlight of Eleven OS 7 is investor profiles, secure repositories for completing fund subscription documents, onboarding for KYC and AML and servicing investors.
In addition, it can maintain and update investor profile information across investments. Eleven OS 7 facilitates changes to information, such as banking or address details, with an intuitive and centralised workflow, while accommodating for all the diverse, complex and decentralised data requirements, approval processes, and workflows connected to each investment.
“Eleven OS 7 marks another significant leap forward in transforming the global private investment process for investors, fund managers, and administrators,” said Eric Slaim, CEO of Eleven. “With OS 7, Investor Profiles are continuing to become the most reusable cards for private investing globally, enabling investors to subscribe to funds and onboard for KYC in a matter of clicks.”
In other tech news, Wealthtech OneAdvisory, which enables client data management for RIAs, has raised $8m in seed funding.
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The funding round for OneAdvisory was led by venture capital firm F-Prime Capital with help from existing investors Fika Ventures, Great Oaks and Twelve Below.
In addition, new investors CoFound Partners, The Compound Capital Fund, Flyover Capital, and Valor Equity Partners also participated.
The funding comes at a time when OneAdvisory has rebranded as Dispatch.
Co-founders Madalyn Armijo, Rafi Lurie, and Rob Nance decided to refresh the brand to better align with the company’s expertise. RIAs work with Dispatch because they want client data to seamlessly flow across their tech stack and the firm operates silently behind the various softwares that companies use.
Furthermore, Dispatch’s API gives technology companies integration access to the industry’s most popular wealthtech products.