WealthOS raises £4m in a seed round led by Barclays Bank to expand its platform.
Barclays Bank led the seed financing alongside Main Set, bringing total funds raised in the round to £4m.
WealthOS provides a cloud native modularised operating system designed for digital wealth management products. The platform helps firms accelerate digital transformation and reduce costs.
WealthOS has secured £4m in a seed financing round led by Barclays Bank, with participation from Main Set. The capital follows an earlier £2m tranche raised in late 2023 from Barclays and other fintech investors.
The company will direct the funds towards platform development, expanding distribution networks, and scaling operations to meet client demand. This latest financing concludes the seed phase for the London-based business as it continues to deploy its technology across the UK wealth management sector.
From the founder
"I couldn't have asked for a better group of investors – all of whom have been incredible cheerleaders for our mission to modernise the wealthtech space. I am excited to demonstrate to the market how we will not only enable organisations to offer incredible, omni-channel wealth management products to clients, but to do so at high speed and with cost efficiency,"
Anton Padmasiri
CEO and Founder at WealthOS
Investor perspective
"We’re very pleased to have invested in WealthOS at the start of their journey. They are a talented team and have leveraged the investment to achieve early commercial success."
Andrew Challis
Co-Head of Principal Investments, Barclays Bank
Use of funds
- 01Continue product development
- 02Grow the team
- 03Scale operations
