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Wealthsimple co-founder Rudy Adler steps back as CMO as company makes exec changes

Wealthsimple co-founder Rudy Adler has stepped away from his operational role at Wealthsimple as chief marketing officer. ....

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Q3 outlook forecasts cloudy days ahead for fintech M&A – TechCrunch

Fintech M&A was down in Q2 and the prospects for Q3 remain cloudy. ....

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Canadian fintechs face uphill battle as launch of national payments system grapples with delays

Canadian fintechs face uphill battle as launch of national payments system grapples with delays
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Alpaca Launches Broker API That Lets You Build Your Own Robinhood

Alpaca Launches Broker API That Lets You Build Your Own Robinhood
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Digital wealth manager Betterment to acquire Wealthsimple's US clients

Betterment
Digital wealth manager Betterment is buying Canadian rival Wealthsimple s US book of business.
Betterment, which manages some $28 billion in assets, will absorb around $190 million in assets.
CEO Sarah Levy told Insider that Betterment, which launched in 2010, is on a path to an IPO.
Betterment is set to acquire Canadian competitor Wealthsimple s US-based customer accounts in a deal that will add some $190 million in assets and 17,000 customers to the
robo-advisor
just three months after the fintech named a new chief executive to usher in growth and expansion.
A pioneer in the robo-advisor space since it launched in 2010 to help customers automate the investing process for low fees, Betterment said it will complete the transfer of Wealthsimple s US-based customer accounts by June, and that those clients will have the choice to opt out of that transfer. ....

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