WealthKernel raises £4.5m in Series A funding from ETFS Capital to accelerate growth
ETFS Capital led the Series A round to accelerate product development and client expansion.
WealthKernel provides digital investment infrastructure via APIs for companies offering wealth management services. The vertically integrated platform handles client onboarding, brokerage, trading, and custody.
WealthKernel has secured £4.5m in Series A funding from ETFS Capital to accelerate its growth and development. The investment will be used to enhance functionality and service a greater number of clients.
The Nottingham-based company provides digital wealth infrastructure, custody, and regulatory permissions through a proprietary API platform. This latest funding represents one of the largest deals in the region since 2018.
From the founder
"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."
Karan Shanmugarajah
CEO at WealthKernel
Investor perspective
"Too many people do not yet have access to credible and inexpensive investment services, because they cannot be provided efficiently enough. We believe WealthKernel has the vision and technology to change this for everyone’s benefit."
Graham Tuckwell
Chairman, ETFS Capital
Use of funds
- 01Continue product development
Investors
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About the company
WealthKernel
WealthKernel supplies digital investment infrastructure for companies offering financial services.