WealthKernel provides investment, savings and wealth infrastructure over API, enabling firms to offer products such as ISAs, GIAs and SIPPs. Its core product is an investment infrastructure platform that lets customers launch digital wealth and investment services in a flexible, cost-effective way. The company serves businesses that need buildable investment and wealth functionalities rather than retail end users directly. Led by CEO Karan Shanmugarajah, WealthKernel has recently expanded its services, including a new entry into the US equities market. The firm intends to use new funding to expand across the European market and strengthen its market presence. No revenue or user metrics are disclosed in the article. WealthKernel is a London-based SaaS provider of wealth management solutions and digital investment infrastructure, founded in 2015. It supplies API-driven building blocks — from client onboarding to portfolio management and custody — for firms and financial advisors. The platform is optimized for serving non-traditional clients and currently custodies millions of pounds for thousands of retail clients across the UK and Europe. In January 2022 the company raised $7.0M in a Series A+ extension led by XTX Ventures with participation from Digital Horizon, Big Start Ventures, and existing investor ETFS Capital. The funds will be used to expand into new European markets, bolster its team, and support integration of intraday trading into its offering. The round extends its $6.0M Series A from 2020.

Total raised

$15M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2024