WealthOS has successfully closed its seed round led by Barclays Bank, while attracting investment from Main Set, part of investment firm Capricorn Capital Partners UK.
£2m was raised in this final closing, adding to the £2m already invested by Barclays and other fintech investors such as Chris Adelsbach, Mike O’Brien, John Donohoe and John Herlihy in late 2023.
WealthOS will use the investment to further develop its platform, increase distribution and scale the organisation to support its strong client pipeline.
Anton Padmasiri (pictured), CEO and founder of WealthOS, said: “I couldn’t have asked for a better group of investors – all of whom have been incredible cheerleaders for our mission to modernise the wealthtech space.
“I am excited to demonstrate to the market how we will not only enable organisations to offer incredible, omni-channel wealth management products to clients, but to do so at high speed and with cost efficiency.”
Andrew Challis, co-head of principal investments at Barclays, said: “We’re very pleased to have invested in WealthOS at the start of their journey.
“They are a talented team and have leveraged the investment to achieve early commercial success.”
Challis added: “Our ongoing investment with WealthOS demonstrates our commitment to opportunities arising from our Rise Growth Academy and aligns with Barclays’ Innovation Thesis.
“WealthOS has an impressive proposition in the digital, wealth management space.
“I look forward to seeing their future endeavours coming to fruition, celebrating new milestones, and seeing our return on investment.”
Ioto Iotov, founder and managing partner of Main Set, said: “Given our experience within the wealth and investment space, and our focus on fintech, we know the wealth management sector has immense opportunity for digitisation and growth.
“The WealthOS team has built a proposition that has found product-market fit very early; and is primed for use by a whole host of wealth, retirement, and savings companies.
“We were further impressed by the knowledge, passion and experience of the founding team, who had personally experienced the pain-points WealthOS solves.”
