Briefing

Wealthsimple raises $100 million, led by Allianz X

article-aa

The funding round represents one of the biggest investments in a Canadian fintech company, said Wealthsimple CEO Michael Katchen. Investments include $30 million from Power Corporation, which, along with its subsidiaries Portag3 and IGM, owns a 88.6 per cent stake in the robo-adviser. Wealthsimple did not disclose how much Allianz, a Germany-based global insurance and investment company that manages close to €2 trillion in assets, invested, or what its stake in Wealthsimple will be. (Globe and Mail)

Read this article for free

By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

Already a subscriber?