The London-based financial technology firm has closed a Series A round co-led by Anthemis Group and MMC Ventures to support team growth and product expansion.
"Following a break-out 12 months in which we increased AUM by 10x, we wanted to bring in the best possible investment partners to support our ambitious growth plans. We have long admired both Anthemis Group and MMC, so I am delighted that they co-led the round and we are excited to work with Sean, Ollie and their respective teams, as we move into the next phase of our journey to redefine cash investment and front-office treasury."
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."
ETFS Capital has backed the London-based index company in its latest funding round.
"The indexing industry is in urgent need of transformation since the dominant index providers currently offer investors limited choice and are inflexible. Moorgate Benchmarks is solving this problem by offering index providers and product issuers the services they need to innovate and deliver true choice to all investors. We are delighted to have secured a significant investment from ETFS Capital which will accelerate the build-out of our full-services, flexible offering."
The fintech company has raised £2m in a round backed by MMC Ventures and ETFS Capital.
"We are delighted to welcome our new investors ETFS Capital and MMC Ventures. Their capital injections, together with follow-on investment from ESO Capital and the funds that we have raised from more than 40 senior financial markets professionals over the last two years put us in really strong position to accelerate our growth by further building our team, our public presence and our product offering. We are grateful for the financial and non-financial support from all of our investors and are excited about what we can achieve with the proceeds of this funding over the next couple of years."
