Model ML Raises $75M, one of largest FinTech Series A rounds in history
Model ML has raised $75 million in Series A funding led by FT Partners, marking one of the largest FinTech Series A rounds in history. The round includes participation from Y Combinator, QED, 13Books, Latitude, and LocalGlobe. The funding comes just six months after the company's seed round led by LocalGlobe with participation from Pioneer Fund, and twelve months after launch.
The New York-based startup automates document creation for financial institutions, generating client-ready pitch decks, investment memos, and research reports directly from data sources. Several of the world's largest banks, asset managers, and two Big Four accounting firms are already using the platform.
Brothers Chaz and Arnie Englander founded Model ML to eliminate the manual work that consumes junior banker time. The platform interprets data schemas, writes code to extract and transform information, and produces finished outputs in Word, PowerPoint, and Excel with branded formatting intact.
According to Bloomberg, the technology addresses grunt work that has long defined entry-level roles in investment banking. Deal teams across all seniority levels spend significant time formatting documents and checking data consistency across files.
"High-stakes business runs on documents: pitch decks, diligence summaries, investment memos. But most firms still build them the hard way. Analysts spend entire weekends cross-checking numbers and formatting slides."
Model ML's verification system tested against consultants from McKinsey and Bain on real documents completed the task in under three minutes versus over an hour for human reviewers, while catching more errors. The platform doesn't just retrieve data but reasons across multiple sources and generates complete documents with verification built in.
The company has assembled an advisory board including former HSBC CEO Sir Noel Quinn, former UBS Chairman Axel Weber, and former Morgan Stanley Capital Markets Chairman Saul Nathan. OpenAI noted the company's product-market fit and rapid customer adoption.
Three Hills Capital reports that Model ML has streamlined monthly portfolio reporting and investment memo drafts, freeing teams for analysis. Big Four advisory teams report 90% capacity gains during review stages with higher accuracy than manual workflows.
The Series A will fund global expansion with dedicated teams in San Francisco, New York, London, and Hong Kong. The company will also scale AI engineering teams focused on advancing its agentic systems and workflow automation capabilities.