NuWealth
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
NuWealth was a London-based digital savings and investment app aimed at novice investors, founded in 2017 by Grayson Hill, Henry Kurtze, and Kane Harrison (CEO). Formerly known as Wombat Invest, it offered ISAs, a general investment account, a savings account, and learning resources, letting users invest in stocks, themed funds, and ETFs from as little as £10. It raised £4.21 million, including a Series A led by Fuel Ventures. In September 2024, wealth manager Quilter acquired NuWealth from Monese Ltd and Fuel Ventures for undisclosed terms, aiming to evolve it into a digital guidance proposition for advisers; in October 2025 the app was rebranded as Quilter Invest.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Grayson Hill, Henry Kurtze, and Kane Harrison founded NuWealth (initially Wombat Invest) in London as an accessible investing app for beginners.
- Acquired by Quilter
In September 2024, Quilter acquired NuWealth from Monese Ltd and Fuel Ventures for undisclosed terms to boost its digital capabilities for novice investors.
- Rebranded
In October 2025, NuWealth was rebranded as Quilter Invest.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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