Finance Breaking news Wealthsimple achieves $1.5 billion valuation on new fundraising round last financial news

Breaking-Finance.Com - Canadian robo-advisory firm Wealthsimple has achieved Unicorn status on a CA$114 million investment round led by by TCV, along with Greylock, Meritech, Two Sigma Ventures and existing investor Allianz X

Finance Breaking news Wealthsimple achieves $1.5 billion valuation on new fundraising round last financial news

Breaking-Finance.Com - Canadian robo-advisory firm Wealthsimple has achieved Unicorn status on a CA$114 million investment round led by by TCV, along with Greylock, Meritech, Two Sigma Ventures and existing investor Allianz X

Finance Breaking news Wealthsimple achieves $1.5 billion valuation on new fundraising round last financial news
15 October 2020 - 09:30

Breaking-Finance.Com - Canadian robo-advisory firm Wealthsimple has achieved Unicorn status on a CA$114 million investment round led by by TCV, along with Greylock, Meritech, Two Sigma Ventures and existing investor Allianz X Wealthsimple, which manages $8.4 billion and has more than 1.5 million users, pitches itself as a low-fee way to invest through its robo-advisory services and commission-free stock trading. The company had previously raised about US$190 million, valuing it at US$743 million.

.5 billion.The firm continues to be controlled by the Power Corporation group of companies, which collectively hold 62% of its common shares, while IGM retains a 36% stake. The new investors will have an ownership stake of 7.4%.

Source = Breaking-Finance.Com

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Finance Breaking news Wealthsimple achieves $1.5 billion valuation on new fundraising round last financial news


Finance Breaking news Wealthsimple achieves $1.5 billion valuation on new fundraising round last financial news


Finance Breaking news Wealthsimple achieves $1.5 billion valuation on new fundraising round last financial news


Finance Breaking news Wealthsimple achieves $1.5 billion valuation on new fundraising round last financial news

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