Page 4 - Mike Katchen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Toronto-based Wealthsimple, an online brokerage backed by rapper Drake, raises money at a $4 billion valuation after a strong year of retail trading snagarajan@businessinsider.com (Shalini Nagarajan) A Drake-backed Canadian brokerage is valued at $4 billion in its latest fundraising round. Celebrities Ryan Reynolds and Michael J. Fox are other stakeholders in the firm. Wealthsimple counts 2 million users and holds $8.4 billion in assets under management. Wealthsimple, an online brokerage part of the Power Corporation of Canada, raised $610 million in its latest fundraising rou...

Wealthsimple says it has raised $750 million from more than 15 private investors and investment firms. Besides Drake, Reynolds, Meritech, and Greylock, the group also includes Dragoneer, iNovia, Michael J. Fox, NBA players Kelly Olynyk and Dwight Powell, and NHLer Patrick Marleau. We just raised one of the biggest investments in Canadian history. We’re going to use it to revolutionize the way we do money. Oh, and did we mention @Drake chipped in? Mike Katchen, the co-founder and CEO of Wealthsimple, says the company will use the new investment to “give Canadians more, and more powerful, ...

Winnipeg Free Press By: Tara Deschamps, The Canadian Press Posted: Last Modified: 1:48 PM CDT Monday, May. 3, 2021 Save to Read Later TORONTO - A new financing deal involving plenty of star power and venture capital investors has pushed Wealthsimple's valuation to $5 billion and has its CEO anxious to build the brand even further. A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston TORONTO - A new financing deal involvi...

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...

Wealthsimple raises $750 million, valuation reaches $5 billion Ryan Reynolds, Drake and Michael J. Fox and more are investing in the company Wealthsimple has announced that it raised $750 million in a financing deal, which has brought its total value to $5 billion. The Toronto-based company says the new financing deal includes several new capital investors and Canadian celebrities including Ryan Reynolds, Drake and Michael J. Fox. “The financial services industry is in the midst of a massive transformation, and our continued growth, and the interest from some of the world’s ...