✉news BusinessPersonal Finance first seen 23 h ago, last 23 h ago, peak #29
Wealthsimple Raises $425 Million at $13.8 Billion Valuation
Original: Wealthsimple Raises $425 Million at $13.8 Billion Valuation to Accelerate Growth
Canadian fintech Wealthsimple has raised $425 million in new funding at a $13.8 billion valuation, one of the largest rounds for a Canadian tech company this year. The company says the capital will be used to accelerate growth across its investing, trading and personal finance products. The size of the round and the valuation put Wealthsimple among the most valuable private financial technology firms in North America.
Why now: The scale of the funding round and the sharp valuation make it one of the biggest Canadian tech financing stories right now.
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