{"id":102762,"date":"2018-02-21T07:30:00","date_gmt":"2018-02-21T12:30:00","guid":{"rendered":"https:\/\/techvibes.com\/?p=102762"},"modified":"2018-02-21T12:26:59","modified_gmt":"2018-02-21T17:26:59","slug":"wealthsimple-raises-65-million-more-from-power-financial-group","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/wealthsimple-raises-65-million-more-from-power-financial-group","title":{"rendered":"Wealthsimple Raises $65 Million More From Power Financial Group"},"content":{"rendered":"

Wealthsimple<\/a>, Canada’s leading digital investor, has announced a $65 million investment from the Power Financial group of companies, bringing that group’s total investments in Wealthsimple to $165 million, as the last investment round<\/a> came in at $50 million in May 2017.<\/p>\n

Wealthsimple manages approximately $1.9 billion for over 65,000 clients in Canada, the United States, and the United Kingdom<\/a>.<\/p>\n

\u201cWealthsimple had an incredible 2017. We expanded to our first international markets, and tripled the number of clients who invest with us,\u201d said Michael Katchen, CEO and co-founder, Wealthsimple. \u201cWe’re looking forward to building on this momentum, making an even better product for even more clients in the months and years ahead.\u201d<\/p>\n

Since launching in September 2014, the Toronto-based Wealthsimple has been heralded as an innovator in financial services\u2014and Canada as a whole. It makes investing accessible to everyone, with no minimum account size, low fees, and powerful, easy-to-use digital tools. The brand has been recognized for its innovative approach to design and technology\u2014as a Strategy Magazine Brand of the Year, with back-to-back Webby Awards for its website, and a Directors Guild of America award for its Super Bowl ad.<\/p>\n

Wealthsimple 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.<\/p>\n

“We at Power Financial are proud to be Wealthsimple’s greatest champion as it becomes a global leader in marrying unique digital technology with great content and service,\u201d said Paul Desmarais III, Chairman of Wealthsimple and Senior Vice-President at Power Financial Corporation. \u201cWealthsimple is delivering the benefits of financial advice to more and more people to help them create a better future.\u201d<\/p>\n

Wealthsimple has a strategic partnership with the Power Financial group of companies, which has invested $165 million in capital since 2015.<\/p>\n

The fintech\u00a0company was also named a finalist for the Startup of the Year category<\/a> in this year’s Canadian Innovation Awards<\/a>, which take place on February 22.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wealthsimple, Canada’s leading digital investor, has announced a $65 million investment from the Power Financial group of companies, bringing that group’s total investments in Wealthsimple to $165 million, as the last investment round came in at $50 million in May 2017. Wealthsimple manages approximately $1.9 billion for over 65,000 clients in Canada, the United States, […]<\/p>\n","protected":false},"author":1358,"featured_media":99139,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[123],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-102762","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-News","tag-wealthsimple"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/102762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/1358"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/102762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/99139"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=102762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=102762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=102762"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=102762"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=102762"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=102762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}