ETFS Capital led the Series A round to accelerate product development and client expansion.
"I often describe what we do as the plumbing for wealth management companies. The current industry is built on leaky legacy pipes and that leakage directly impacts the savings and pensions of millions of people, particularly those with smaller sums of money. We started WealthKernel to make financial services better for everyday people. With ETFS Capital we are fortunate to have an investor who shares that passion and the track record to back it up."
Mainport Innovation Fund II, Wentworth Limited, and Breed Reply backed the Series A financing to support international expansion and team growth.
"2019 was a good year for RazorSecure as we secured great international customers and partners. With the strategic vision and investment of our investors, we aim to more than double the size of our team, and expand our international customer base. We want to take advantage of the incredible growth opportunities we see."
The Series A round was led by Cogito Capital Partners with backing from Barclays.
"The financial backing and domain expertise of Cogito and Barclays will help us execute our strategy and strengthen Applica’s presence in the US market."
