Subject
Spontivly Q1 2026 — Strong Quarter, Deliberate Pivot
To:
From: Anthony Nagendraraj, Founder & CEO — Spontivly
Re: Q1 2026 Business Update — March 31, 2026
A lot has moved this quarter — and we want to walk you through both the numbers and the strategic bet we're placing with conviction.
Q1 2026 Metrics
💰
Cash on Hand
$0
Current balance
📉
Monthly Burn
$48,691
↓ improving
📊
Churn Rate
1.3%
↓ Below industry avg
👥
Headcount
4
3 Florida · 1 remote NA
Why We're Moving Into Wealth Management
Our most important client relationship this past year was with Dynasty Financial Partners — one of the largest RIA service providers in the US, managing compliance, IT, and operations for hundreds of independent advisors. Serving their analytics department gave us a ground-level view of a problem that is both urgent and massively underserved.
Independent RIAs are growing fast. The infrastructure supporting them isn't. Advisors are running 8–12 disconnected tools with no unified data layer, no AI-driven insights, and no way to proactively serve the next generation of wealth clients before they churn. The incumbents (Orion, Salesforce FSC, Black Diamond) weren't built for this. We were.
Members of Dynasty's C-suite believed in this thesis enough to invest personally. That's the signal that moved us.
Q1 Operating Highlights
Combined AUM — Active Pilot Firms
$120B
4 active RIA pilots · 1 Canada, 3 Eastern US
🏦
✅
Enterprise Deal #1 ClosedOnboarding complete
⏳
Enterprise Deal #2 — Final Board ApprovalExpected close Q2
⚖️
Patent FiledIP formally protected ahead of next round
🔧
90% Reduction in Technical DebtPlatform is lean and ready to scale
On the Planned Revenue Reduction
As we focus fully on wealth management, we are not renewing a portion of existing contracts outside this vertical. This will reduce near-term revenue by approximately 40%.
This is a deliberate choice, not a retention problem. Our 1.3% churn rate confirms that. We built $1.6M in revenue across mid-market brands that proved our data capability. The Dynasty relationship showed us where to aim it. We are now aiming.
Revenue target: 3× by early Q2 2027.
Challenges
🔗
Integration · 4–6 Months
Custodial Integrations — Fidelity & Schwab
Connecting directly with the two largest custodians in the RIA space is a prerequisite for product credibility at scale. These integrations involve multi-party API agreements, compliance review cycles, and staged rollouts — a process we've scoped at 4–6 months. We are actively engaged with both and have built this timeline into our pilot roadmap.
🛡️
Compliance · In Progress
SOC 2 & GDPR Compliance Requirements
Enterprise RIAs and their custodians require SOC 2 Type II certification and GDPR-aligned data handling as baseline requirements for vendor approval. We are currently undergoing the audit process and have engaged a compliance partner to accelerate certification. These credentials are non-negotiable for closing institutional relationships and will be in place ahead of our full commercial launch.
⚙️
Operations · Pre-Fundraise
Resourcing Constraints Prior to Fundraising
With a lean team of four and a deliberate focus on capital efficiency, we are managing execution bandwidth carefully ahead of the raise. Key hires in engineering and client success are scoped and ready to deploy upon close. In the interim, we are prioritizing pilot quality over volume — ensuring every active relationship is positioned to convert and serve as a reference for the broader rollout.
Acquisition
We are in active discussions to acquire a wealth management startup to accelerate our market entry. More details to follow once terms are finalized.
Funding
We are finalizing a term sheet for a priced round with a lead investor already in place. We plan to launch the broader raise in September 2026, once our patent is approved and pilots are complete. We will share formal materials at that time and welcome your continued participation.
Happy to jump on a call to walk through the wealth management thesis and pilot progress in detail. We're executing with conviction.
— Anthony
Founder & CEO, Spontivly