‘Financial Independence Retire Early’ app Topia taps WealthKernel for investing APIs

By Oliver Smith on Wednesday 29 September 2021

Savings and Investment

SIPPs and ISAs for those aiming to retire long before 65.

‘Financial Independence Retire Early’ app Topia taps WealthKernel for investing APIs
Image source: Thought Catalog/Unsplash.

Investment API provider WealthKernel is working with new financial freedom app Topia to help the fintech offer SIPP and ISA accounts to its customers along with investment options.

Topia is a soon-to-launch app based on the FIRE movement, Financial Independence Retire Early, whose followers aim to retire far sooner than the typical retirement age of 65+.

Typically this involves incredibly high levels of saving and investing from an early age, often up to 70 per cent of someone’s income, and a large amount of manual calculation—both of which Topia intends to help with.

“It’s incredibly important to open people’s eyes to the savings vehicles that are available to them beyond traditional pensions—whether that’s SIPPs, ISAs or other investment products,” said WealthKernel CEO Karan Shanmugarajah on the Topia partnership.

“We’re excited to be supporting them in empowering more consumers to reach financial security in their own time, and on their own terms.”

To start with, Topia will use WealthKernel’s ISA and recently-launched SIPP tax wrapper APIs and its portfolio management and trading functions. By operating as an appointed representative of WealthKernel it will also benefit from its FCA accreditation without having to apply for its own.

“With WealthKernel’s Appointed Rep service, the opportunity to come to market much faster was fantastic,” said Topia CEO and founder Logan Leckie. 

“Topia will now be able to dedicate more time and resources towards enhancing our FIRE offering. We are also excited to launch the Topia FIRE fund using WealthKernel’s services and begin our journey.”

Topia is just the latest in a number of new partnerships for WealthKernel, including Sharia-compliant investment app Wahed and personal financial investing app Ikigai.

WealthKernel is a portfolio company of ETFS Capital, the owner of AltFi and ETF Stream.

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