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WealthOS closes £4m seed round with Barclays & Main Set

By Gloria Methri

June 10, 2024

  • Barclays
  • Barclays Bank
  • Capricorn Capital Partners

WealthOS, Wealth Management, Barclays, WealthTech, nVentures, FinTech Funding, Seed Funding, UKWealthOS, the cloud-native wealth management infrastructure platform provider, has successfully closed its seed round, which was led by Barclays Bank. It also attracted investment from Main Set, part of international investment firm Capricorn Capital Partners UK.

This final round raised a total of £2 million, adding to the £2 million already invested by Barclays and other FinTech investors Chris Adelsbach, Mike O’Brien, John Donohoe and John Herlihy in late 2023.

WealthOS will use the investment to develop its platform further, increase distribution and scale the organisation to support its strong client pipeline.

“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,” said
CEO and Founder of WealthOS, Anton Padmasiri.

Andrew Challis, Co-Head of Principal Investments at Barclays, added, “We are 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.”

“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, added, “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

This funding news follows the announcement that WealthOS had released cloud-native and API retail pensions (SIPP) technology and that it had been selected by Quai Digital
to become its new, strategic technology partner.

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