WealthKernel raises £6m in a Series A extension led by ETFS Capital to fund European expansion.
ETFS Capital led the extension round, which will support the wealthtech provider's growth into European markets.
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 £6m in a Series A extension round led by ETFS Capital, with participation from XTX Ventures. The new capital will support the company as it expands into European markets and strengthens its presence in the wealth management and advisor segments.
The investment follows the firm's recent entry into US equities trading. WealthKernel continues to develop its API infrastructure to provide accessible investment and wealth management solutions across the industry.
From the founder
"This funding comes at a time of rapid growth for WealthKernel. We have been expanding our services rapidly over the last few months, with our newest entry into the US equities market. The new funding will help fuel our commitment to strengthening our market presence and continue to bring innovative solutions to the wealth management industry."
Karan Shanmugarajah
CEO at WealthKernel
Investor perspective
"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."
Martyn James
Managing Partner, ETFS Capital
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
WealthKernel
WealthKernel supplies digital investment infrastructure for companies offering financial services.