WealthKernel Secures £6m in Series A Extension Funding
WealthKernel, a WealthTech provider of digital investment solutions, has announced that it has secured an investment of £6 million in a Series A extension round. This round was led by ETFS Capital, with participation from other prominent investors such as XTX Ventures. The funding will support WealthKernel’s expansion plans and its mission to bring innovative and cost-effective investment solutions to everyday investors.
European Market Expansion Plans
WealthKernel has announced its plans to position itself in the European market to meet the growing demand for investment infrastructure solutions. This move comes as the company seeks to strengthen its presence in the wealth management and advisor market segments.
Support for US Equities Trading
The recent funding round follows WealthKernel’s venture into US equities trading. The company aims to continue its expansion into this market and provide unique investment opportunities for its clients.
ETFS Capital’s Confidence in WealthKernel
ETFS Capital, a leading investor in WealthKernel since 2018, expressed its continued confidence in the company’s vision and technology. The CEO of ETFS Capital, Martyn James, stated that the demand for innovation in the wealth and asset management industry has never been higher, and WealthKernel is well-positioned to deliver.
Rapid Growth and Market Presence
WealthKernel’s CEO, Karan Shanmugarajah, highlighted the rapid growth the company has experienced in recent months, particularly with its entry into the US equities market. The new funding will help fuel WealthKernel’s commitment to strengthening its market presence and continuing to bring innovative solutions to the wealth management industry.
Making Wealth and Investing Accessible
Aqsa Tariq, CFO of WealthKernel, expressed excitement over the successful funding round, emphasizing the investors’ confidence in the company’s vision and technology. Tariq reiterated WealthKernel’s mission to make wealth and investing easily accessible to everyone and to promote long-term sustainable growth in the wider wealth management market.
Analyst comment
Positive: WealthKernel secures £6m in funding, led by ETFS Capital, for its expansion plans in the European market and to support its entry into US equities trading. This funding shows confidence in WealthKernel’s vision and technology, and highlights its rapid growth and market presence. It aims to bring innovative and cost-effective investment solutions to everyday investors, making wealth and investing easily accessible to everyone. Market outlook: WealthKernel is well-positioned to continue its expansion and bring unique investment opportunities to the wealth management industry.
