WealthKernel, a UK-based provider of digital investment services and infrastructure, has announced the completion of a $7 million Series A+ fundraising round.
Digital Horizon, Big Start Ventures, and WealthKernel’s previous lead investor, ETFS Capital, participated in the investment round, which was led by XTX Ventures (the venture capital arm of XTX Markets).
The funds will be used to integrate intraday trading and expand WealthKernel’s services into European markets. Its “ambition is to democratize access to wealth and investment services and become the premier API wealth infrastructure supplier in the UK and Europe,” according to the company.
The Financial Conduct Authority regulates WealthKernel, which was created in 2015. (FCA).
Fintech Farm, another UK-based startup, has acquired $7.4 million in venture funding from Flyer One Ventures and Solid. TA Ventures, Jiji, u.ventures, and AVentures Capital were among the other investors.
Fintech Farm develops and deploys digital banking services in emerging regions, and the new funds will be utilized to open eight new banks in the next two years.
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