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Canadian InvesTech Firm Wealthsimple Raises $750 Million

Canadian InvesTech Firm Wealthsimple Raises $750 Million

Meet Wealthsimple, a fintech company backed by Drake and a dozen other investors. What started as a four-person company has announced its latest funding round with the vision to become Canada’s most valuable financial technology company.

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Wealthsimple’s CEO announced his company’s $750 million funding round. The company received one of the biggest investments in recent history, attracting Meritech and Greylock to invest in its fintech software suite.

Wealthsimple was conceived with the mission to “revolutionize the way we do money”, in addition to becoming the biggest consumer finance company in Canada in the process.

Currently, Wealthsimple offers these products to fintech customers:

  • Wealthsimple Tax
  • Wealthsimple Cash
  • Wealthsimple Trade
  • Wealthsimple Invest
  • Wealthsimple Crypto

Currently, its most revolutionary product, Wealthsimple Crypto app provides the most advanced trading platform for Bitcoin and Ethereum. It is also one of the few complete fintech solutions companies to offer an online tax filing solution, Wealthsimple Tax.

Currently, Wealthsimple is funded by Meritech, Greylock, DST Global, Sagard, Iconiq, Dragoneer, TCV, iNovia, Allianz X, Base 10, Redpoint, STEADFAST, Alkeon, TSV, Plus Capital and others participated in the round, plus prominent Canadians actors Ryan Reynolds, Michael J. Fox, singer Drake, and athletes Kelly Olynyk, Dwight Powell, and Patrick Marleau.

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