• Barclays Bank injects further capital into WealthOS with leading FinTech investor Main Set, part of Capricorn Capital Partners UK, joining the round.
  • A further £2M successfully raised concluding the £4M seed round.

London, UK (4th June 2024). WealthOS, the cloud-native wealth management infrastructure
platform provider, has announced the successful closure of its seed round led by Barclays Bank. In
addition to Barclays, WealthOS also attracted investment from Main Set, part of international
investment firm Capricorn Capital Partners UK.

£2M was raised in this final closing adding to the £2M already invested by Barclays and other
leading fintech investors such as Chris Adelsbach, Mike O’Brien, John Donohoe and John Herlihy in
late 2023.

WealthOS will use the investment to further develop its platform, 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,” comments
CEO and Founder of WealthOS, Anton Padmasiri.

Andrew Challis, Co-Head of Principal Investments at Barclays said: “We’re 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.”

Mr Challis added: “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, adds: “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 the UK’s first and only
cloud-native and API retail pensions (SIPP) technology and that it had been selected by Quai Digital
to become its new, strategic technology partner. Quai, is a leading provider of B2B wealth
management white label outsourcing services. By utilising WealthOS’s composable software to
integrate with its own proprietary platform, it drives further growth by offering new scalable, feature-
rich, digital financial capability to its clients.

– ENDS –

About WealthOS

WealthOS is the cloud-native, modularised operating system (SaaS) for digital wealth management
products. Founded in 2019, and currently available in the UK, WealthOS helps wealth managers to
achieve their digital transformation three times faster and 40% cheaper.

As a minority-founded business operating across the UK and Sri Lanka, we firmly believe in building
digital infrastructure that enables equitable financial access for everyone, everywhere.

Contact – shri@wealthos.cloud