Financial Technology Startup Brings In $500,000

AdvicePay announced it has raised $500,000 in seed financing, led by Good Works Ventures and Front Street Capital.

AdvicePay is a compliant retainer billing payment processor for financial advisors. Users can set up auto pay by choosing the frequency and amount, and AdvicePay will take care of the electronic invoicing. Its advisor portal allows advisors to access the notifications center, track client activity, generate reports, and initiate electronic invoicing.