Citadel’s previous figures raised $78M in an AI app Wall Street wealth managers didn’t have.
The TL;DR
Moment raised $78M led by Index Ventures to build AI agent infrastructure for wealth management. Edward Jones and LPL are clients.
Moment, a fintech company founded by a group of traders and researchers at Citadel Securities, has raised $78 million. The round was led by Index Ventures with participation from existing investors Andreessen Horowitz and Avra. The company last raised $36 million in July 2025.
Moment is building an infrastructure that allows wealth management firms to deploy AI agents to trade fixed income and equities. Last year, it signed Edward Jones, LPL Financial, and Hightower Advisors as partners. These are not small accounts: Edward Jones manages $2.1 billion in client assets, LPL oversees nearly $1.7 trillion, and Hightower manages more than $175 billion.
“Large financial institutions know they need to deploy agents, but the infrastructure to deploy them safely and efficiently has not yet been in place,“CEO and co-founder Dylan Parker.We built that operating system from the ground up, with an integrated data model and control distance controls so that AI can finally do the real work in investment management.“
The platform is infrastructure, not intelligence. Time does not build its own big language model. Build a compliance, data, and execution layer that sits between the boundary AI models and the regulated environment where wealth managers operate. The distinction is important because financial services firms cannot simply plug ChatGPT or Claude into their trading systems without audit trails, regulatory controls, and integration with existing market data infrastructure.
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Anthropic has been targeting financial services firms directly, unveiling specialized AI agents designed for tasks such as trade compliance, portfolio analysis, and client reporting. Competitive dynamics are layered: Anthropic provides the conceptual model, but firms like Moment provide the managed infrastructure that enables those models to be implemented in production.
Russ Tipper, principal and head of products and solutions at Edward Jones, put the opportunity clearly. “AI will be the defining skill of the next era of wealth management,” he said.The firms that will get it right are the ones that will combine it with the right infrastructure.“
OpenAI launched its personal finance tools this month, connecting ChatGPT to bank accounts through Plaid for consumer-facing financial advice. Moment operates at the center end of the same spectrum. Consumer and institutional approaches will likely converge, but for now they represent a different bet where AI-powered money creates the most value.
The Citadel’s former lineage is a deliberate symbol. Citadel Securities is one of the most sophisticated trading operations in the world. Building a startup with students from that area tells potential customers that the team understands both the technology and the regulatory constraints that make financial services AI more difficult than general-purpose AI.
Anthropic recently completed a $1.5 billion joint venture with Blackstone, Hellman & Friedman, and Goldman Sachs to embed Claude within the portfolio companies of the world’s largest private equity firms. That deal and Moment’s rising point point in the same direction: the financial services industry is moving from exploring AI to implementing it, and companies that manage the infrastructure layer between the model and the trade will capture a disproportionate share of the value.
