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.
