TLDR
WealthKernel, a wealthtech provider of digital investment solutions, has secured £6 million in a Series A extension funding round led by ETFS Capital. The investment will support the company’s plans to strengthen its presence in the wealth management and advisor market segments, as well as expand into the European market. The funding will also be used to fuel the company’s recent venture into US equities trading and bring innovative and cost-effective solutions to everyday investors.
The round was also participated by other prominent investors, including XTX Ventures, the venture capital arm of leading algorithmic trading company XTX Markets.
Martyn James, CEO of ETFS Capital, expressed confidence in WealthKernel’s ability to deliver innovative solutions to the wealth and asset management industry, stating that the demand for innovation in the sector has never been higher.
Karan Shanmugarajah, CEO of WealthKernel, welcomed the funding at a time of rapid growth for the company, as it expands its services and strengthens its market presence. Aqsa Tariq, CFO of WealthKernel, highlighted the successful completion of the funding round and the continued confidence of investors in the company’s vision and technology.
