A money management platform raises C$750m in one of the biggest Canadian tech investment rounds ever. Founded in 2014, the start-up has 2 million customers, over $10bn assets under management and a valuation of C$5bn.

4 mai 2021

A number of celebrities including Ryan Reynolds, Michael J. Fox and rapper Drake were among the investors participating in digital wealth manager Wealthsimple’s latest funding round, according to ALTFI.

Canadian money management platform Wealthsimple, founded back in 2014 to bring investment management services to millennials, has closed a C$750m (£439m) funding round and hit a valuation of C$5bn.

More than two million Canadians use Wealthsimple to grow their money, file their taxes, pay their friends, and make their financial lives better. This investment will fuel our growth so we can reach millions more and ensure that everyone has access to the simplest, most powerful financial products and services, no matter who they are or where they are in their financial lives,” said Mike Katchen, CEO of Wealthsimple.

Just like its peers, Wealthsimple experienced rapid growth during the pandemic, seeing its assets under management top $10bn and count more than 2m customers across Canada, the US and the UK. 

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Nic Balaceanu – CEO & fondator Lendrise Marketplace

„40% dintre romani nu au un cont bancar. Sa nu uitam ca din cei 4,5 mil. de romani la Biroul de Credit numai jumatate sunt eligibili pentru un credit bancar. Ceilalti isi pot lua un credit non-bancar sau nu-si pot lua absolut niciun credit.” 

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Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?