ETFS Capital led the extension round, which will support the wealthtech provider's growth into European markets.
"We are pleased to provide further funding to WealthKernel. Having seen the business grow from strength to strength since we first invested in 2018, we look forward to supporting Karan and team as they continue this expansion into Europe. The demand for innovation in the wealth and asset management industry has never been higher, which WealthKernel is perfectly placed to deliver."
Veridian Ventures contributed £150k to the seed financing round.
"We know that the majority of people are not saving enough for retirement which is storing up a massive problem for the future. To top that, the cost of living crisis is driving increased stress and anxiety in employees which is impacting productivity and retention for employers. Maji is the missing piece of the puzzle in the employer benefit lineup that in time will be offered by the majority of the employers."
Industrial Thought backed the collaboration platform with cash and strategic support.
"FIs recognise that they can reap major benefits from technology innovators in areas such as operational efficiency and better consumer outcomes. Yet, while most of these organisations are keen to engage fintechs, they struggle to get the information they need to establish trust. Our goal is to simplify the process, promote transparency, and ultimately facilitate progress."
The investment was backed by QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, and u.ventures to accelerate market expansion.
"We are incredibly excited about this new investment. It’s a testament to the hard work of our team and the clear value we bring to car buyers by doing things differently."
