WealthKernel, a London, England-based company provider of digital investment services, raised $7 million in a Series A+ funding round.
The funding round was led by XTX Ventures, the venture capital arm of XTX Markets, with investment also from Digital Horizon, Big Start Ventures, and WealthKernel’s existing lead investor, ETFS Capital.
The round is an extension of its $6 million Series A from 2020. The funds will be used to expand into new European markets, bolster its team, and support the integration of intraday trading into its offering.
Company: WealthKernel Limited.
Raised: $7.0M
Round: Series A+
Funding Month: January 2022
Lead Investors: XTX Ventures
Additional Investors: Digital Horizon, Big Start Ventures, and ETFS Capital
Company Website: https://www.wealthkernel.com/
Software Category: Wealth management solutions
About the Company: Founded in 2015, WealthKernel SaaS provider of wealth management solutions focusing on simplified advice platforms for financial advisors. WealthKernel is a supplier of investment infrastructure for companies looking to offer digital investment services, whether as stand-alone or in addition to their present offering. WealthKernel infrastructure is optimized for the delivery of investment and wealth-management services to non-traditional clients: those considered not commercial to service. WealthKernel provides the essential building blocks to power any digital wealth offering from client onboarding to portfolio management and custody, all over API. Service your customers flexibly, easily, and with scalability. WealthKernel currently custodies millions of pounds for thousands of retail clients in the UK/Europe.
Source: https://www.altfi.com/article/8717_wealthkernel-targets-europe-following-7m-fundraise