Tech Company Financing Transactions
Wealthsimple Funding Round
Wealthsimple, based in Toronto ON, secured $51 million from Power Financial Corporation.
Transaction Overview
Company Name
Announced On
2/22/2018
Transaction Type
Venture Equity
Amount
$51,000,000
Round
Undisclosed
Investors
Power Financial Corporation (Paul Desmarais)
Proceeds Purpose
The company will use the new capital to evolve its investing product, explore new financial product offerings, accelerate growth across its three markets, and further develop its B2B platform.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
241 Spadina Ave. 3rd Floor
Toronto ON, M5T 2E2
Canada
Toronto ON, M5T 2E2
Canada
Phone
Website
Email Address
Overview
We're on a mission to make financial services simple and affordable for everyone. Backed by some of the biggest names in finance and tech, we're growing quickly and going global. We're motivated by delivering long-term value to our clients, and believe the opportunity to reinvent financial services for a new generation is all within our grasp.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Katchen
Chief Financial Officer
Aimee Fearon
Chief Operating Officer
Brett Huneycutt
Chief Technical Officer
Karney Li
VP - General Counsel
Blair Wiley
VP - Human Resources
Marina Harris
VP - Product Management
Rudy Adler
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We document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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