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More than half a million funding for this SaaS-based wealth management startup in the UK

WealthOS

Bringing transparency and providing quality wealth-building solutions is the ultimate goal for wealth managers. The lack of proper technology hinders access to a quality financial product. This is where UK-based wealth management SaaS platform – WealthOS comes in and now the startup has raised £564,600 ($800,000) in seed funding to build a cloud-native technology platform to provide various financial products accessible to all.

UK-focused cutting-edge wealth management platform

The company will use the investment for developing its SaaS-based wealth management platform. WealthOS successfully secured funding from current and former senior executives from the world’s leading assets management firms. WealthOS will use these funds to build upon the private beta launched in late 2020 to have a production-ready.

WealthOS’s cutting-edge cloud-native wealth management platform enables the end-to-end wealth proposition by end of 2021. The development will be in line with the UK-focused market and the company also intends to have its first live client on the newly designed platform during the same timeline.

Anton Padmasiri, co-founder, and CEO said:

“I know from personal experience how prohibitively costly and time-consuming it can be to build high-quality digital wealth products on top of wealth tech platforms offered by the established players. They are clunky and unsuited for the digital age. Over the last year or so of talking to the wealth management industry, it’s evident that the frustration is shared widely but alternatives are non-existent. I’m delighted that we have attracted an amazing group of investors who share our vision of harnessing the power of cutting-edge technology to increase access to high-quality financial services to the masses and I can’t wait to unveil the production-ready platform later this year.”

Modular SaaS platform

Founded in 2019, WealthOS is a tech startup based in London, UK. The WealthOS team consists of product specialists and technologists with over six decades of experience at leading financial institutions such as Fidelity, London Stock Exchange Group, Smart Pension, and Russell Investments.

WealthOS’ modular SaaS platform and its highly granularized, feature-focused API endpoints leverage the latest cloud technologies – serverless computing, for example. This will make available to the global wealth management and retail investing sector the upgraded core technology that injects significant speed, agility, and cost-efficiency to launching and running digital value propositions.

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