23 November 2023

Barclays invests in WealthOS

Written By FinTech Alliance

Barclays invests in WealthOS

Barclays has led a £2 million seed funding round for WealthOS, a cloud-native and API-driven core wealthtech startup.

In brief:

-Barclays was joined in the round by VC fund nVentures and a host of angels

-WealthOS says that it plans to complete a second £2 million closing of the round imminently.

-The firm claims that its use of cloud-native technology reduces the infrastructure and running costs for organisations by over 40% while offering elastic scalability.

What does this mean?

“In just three short years since its founding, I am delighted that WealthOS has attracted the backing of a prestigious institution like Barclays and from a group of highly esteemed investors who strongly support our mission to upgrade the technology infrastructure for the wealth management industry,” says WealthOS CEO Anton Padmasiri.

Read more here.

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