Wealth8 partners with WealthKernel to launch an investment app

By Joy Dumasia

WealthKernel, a wealthtech provider for digital investment services, announces it has extended its partnership with inclusive investment service, Wealth8, which has migrated its investment offering to WealthKernel’s trusted APIs.

After initial success following its business launch earlier this year, Wealth8 is now usingWealthKernel’s investment APIs to launch its new mobile app, which sees it benefit from increased flexibility, faster onboarding for its customers, and cross-platform functionality across its desktop and mobile user experiences.

Wealth8 used WealthKernel’s white-label robo advisor via a single desktop experience, providing its customers with stocks & shares ISAs, general investment accounts and a suite of portfolios created by BlackRock. As an Appointed Representative of WealthKernel, Wealth8 also sits under WealthKernel’s regulatory umbrella, allowing it to provide services to its users until the FCA directly authorises it.

Headquartered in the UK, Wealth8 is a wealth-management platform helping to connect people with wealth and investment opportunities by providing easy access to global investment products. Its new investment app, available now in the UK, will support wealth creation and provide financial education services for black and multi-ethnic investors in the UK.

Karan Shanmugarajah, CEO of WealthKernel, says: “Wealth8 is a prime example of how we as an industry should be tackling conversations around wealth, equality and inclusion. By helping bring more financial businesses like Wealth8 to market, we can bring investment and wealth creation services to underserved communities while challenging the misconceptions that wealth management should be limited to those with significant amounts of money. We’re incredibly excited to be supporting Wealth8 on their journey and wholeheartedly support their mission to tackle growing financial inequality across the UK.”

Recently, IBS Intelligence reported that WealthKernel, a wealthtech provider of digital investment services, announced its partnership with Claro Money, a new digital financial coaching app. As part of the partnership, Claro Money will use WealthKernel’s flexible investing APIs and regulatory umbrella in its mission to change the way retail investors access financial knowledge, tools and products.