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TORONTO - Twitter users sending each other money have a new — and Canadian — way of making the trans...

TORONTO - Twitter users sending each other money have a new — and Canadian — way of making the transfer.

Article content Investment from some of the most famous celebrities has been flowing into Canada’s startups, with entrepreneurs eager to add the allure of the rich and famous to their roster of investors. Some of Canada’s most famous celebrities and athletes — Toronto rapper Drake, Vancouver-born actor Ryan Reynolds and NBA Houston Rockets player Kelly Olynyk — backed online Canadian bank challenger Wealthsimple Technologies Inc.’s funding round on Monday, which is believed to be the largest private technology investment in Canada. The celebrity-studded deal is the latest in a strin...

Wealthsimple secures $750 million CAD, claims $5 billion valuation Wealthsimple has raised a $750 million CAD financing round as the FinTech company looks to expand its market position and continue to build out its product suite. The Toronto-based startup announced the deal Monday morning, claiming it brings Wealthsimple’s post-money valuation to $5 billion CAD. Wealthsimple plans to use the new capital to expand its market position, build out its product suite, and grow its team. The round was co-led by venture capital firms Meritech and Greylock. The deal also included par...

Wealthsimple raises money at $5B value; Drake buys in Kevin Orland, Bloomberg News VIDEO SIGN OUT Power Corp. of Canada’s Wealthsimple online brokerage raised $750 million (US$610 million) in a funding round that valued it about $5 billion (US$4 billion), more than triple what it was worth in October. The round was led by existing investors Meritech Capital Partners and Greylock Partners, the Toronto-based company said Monday. Also participating are Canadian celebrities including rapper Drake, actors Ryan Reynolds and Michael J. Fox and basketball player Kelly Olynyk. Wealthsimpl...