Sherpas
Category: AI in Fintech
AI-native infrastructure platform for wealth management firms that automates financial data extraction, analysis, and proposal generation. Sherpas was founded in 2023. The company is led by Borja Edo. Based in Wilmington, Delaware / San Francisco, California, USA. Team size: 11-50. Total funding raised: $3.2M. Latest round: Seed. Key investors include 1248 (Marty Bicknell's family office), AUA Capital Management, GoHub Ventures, strategic investors from the advisory ecosystem.
- Founded
- 2023
- Headquarters
- Wilmington, Delaware / San Francisco, California, USA
- Team size
- 11-50
- Total funding
- $3.2M
Value proposition
Sherpas reduces time-to-advice by 95% — turning what used to take 8-10 hours per client into 20 minutes — by providing an AI-native operating layer that automates data extraction, financial planning, and investment proposal generation for financial advisors.
Products and solutions
INTAKE (Data Extraction AI Agent — extracts and structures client data from any document), PARAPLANNER (Financial Planning AI Agent — builds narrative financial plans with observations, risks, and strategies), PORTFOLIO ANALYST (Investment Analysis AI Agent — generates investment proposals tied to time horizon, goals, and risk)
Unique value
AI-native operating layer (not another point solution) that standardizes the analytical foundation of financial advice, delivering consistent, explainable recommendations in minutes rather than days, while creating a feedback loop that compounds institutional knowledge across advisory teams.
Target customer
Wealth management firms, RIAs (Registered Investment Advisors), financial advisory practices, and enterprise advisory organizations.
Industries served
Wealth Management, Financial Advisory, WealthTech
Technology advantage
Built by fintech veterans from LPL Financial and AllFunds; AI agents that understand and parse any financial document; feedback loop between analytical engine and advisor behavior that compounds institutional knowledge; enterprise-grade compliance and operations oversight integration.
How they differentiate
Unlike point-solution competitors, Sherpas positions as an AI-native operating layer (not another planning tool) that runs end-to-end across the advice workflow — from intake through scenario modeling to recommendation drafting — with a compound learning feedback loop that improves over time.
Main competitors
Wealthbox, Nitrogen, Zocks
Key partnerships
1248 (family office of Mariner Wealth Advisors founder Marty Bicknell) — lead investor, AUA Capital Management, GoHub Ventures, Steve Lockshin (Vanilla, AdvicePeriod) on board
Major milestones
April 2025: Came out of stealth, February 2026: Raised $3.2M seed round led by 1248, Platform tested inside large advisory organizations under compliance and operations oversight
Market positioning
Challenger in the AI-powered wealth management infrastructure space, targeting advisory firms that want to modernize their operating layer without adding headcount.
Geographic focus
United States (headquartered in Delaware with presence in San Francisco and Kansas City)
About Borja Edo
Ex-Head of Innovation Labs at LPL Financial; Strategy & Innovation at Accenture. Education: University of California, Berkeley, Haas School of Business.
Latest news about Sherpas
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Official website: https://sherpaswealth.com