JPMorgan validates Sri Lankan tech talent with WealthOS acquisition

JPMorgan Chase has acquired WealthOS, founded in 2019 by Sri Lankan entrepreneurs Anton Padmasiri and Chamat Arambewela. The platform operates with its entire engineering team in Colombo whilst maintaining commercial operations in London. All employees in both locations will join JPMorgan.

WealthOS provides cloud-native technology to the UK savings, investment, and retirement industry - the company describes itself as the first to offer a fully cloud-native self-invested personal pension platform. Its technology underpins Quai Digital’s migration of 126,000 ISA accounts, completed in seven months. The company raised US$ 7.39 million from investors including Barclays, nVentures, and Main Set (part of Capricorn Capital Partners UK).

For nVentures — a Singapore-based, MAS-licensed seed fund focused on B2B FinTech across South and Southeast Asia - this exit places a tier-one institutional acquirer on their track record. JPMorgan’s retention of the Colombo engineering team signals recognition of Sri Lankan technical talent as integral rather than transitional - contrasting with typical offshore dynamics where engineering faces redundancy post-acquisition.