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Wealthsimple Secures $750 Million Through Latest Investment Round; Now Has Post-Money Valuation of $5 Billion   Canada-based fintech and global digital investing service Wealthsimple announced on Monday it raised CAD$750 million through its latest investment round and now has a post-money valuation of CAD$5 billion. According to Wealthsimple, The round is led by Meritech and Greylock, with participation from DST Global, Sagard, Iconiq, Dragoneer, TCV, iNovia, Allianz X, Base 10, Redpoint, STEADFAST, Alkeon, TSV, Plus Capital, as well as celebrities including Drake, Michael J. Fox, Ryan Rey...

The Daily Chase: Bridging Finance rocked by OSC claims; Buffett points to Canadian as successor VIDEO SIGN OUT PricewaterhouseCoopers has effectively taken control of Bridging Finance Inc. after a remarkable sequence of events late last week and into the weekend involving allegations of conflicts of interest, misappropriated funds and multiple breaches of securities laws. The sworn affidavit of an Ontario Securities Commission senior forensic accountant includes tales of one corporate borrower allegedly being “forced” into a loan that "left him with 'a bad taste [in his mout...

Article content Wealthsimple Technologies Inc. has raised $750 million, propelling the online financial services company to a $5 billion valuation. The deal for the seven-year-old Toronto-based company was led by U.S. venture capital firms Meritech and Greylock, and is backed by some of Silicon Valley biggest funds and Canada’s most famous celebrities. The transaction is considered to be one of the largest private technology investments in Canada. We apologize, but this video has failed to load. Try refreshing your browser, or Wealthsimple raises $750 million from investors including Drake...

Bitcoin craze fuels foreign crypto trading app downloads in Canada VIDEO SIGN OUT As the price of Bitcoin climbs to record highs, some Canadians are frantically looking for ways to get into the red-hot crypto market. “We’ve had a massive amount of interest from retail investors looking to set up accounts,” said Mike Nasser, co-founder of Toronto-based digital currency brokerage Satstreet Inc, in a phone interview. “The higher the price, the more demand there is,” said Nasser, whose firm, which focuses on high net worth and institutional clients, says it has pr...

Wealthsimple CEO warns on 'very bad outcomes' amid Reddit frenzy Ian Vandaelle, BNN Bloomberg VIDEO SIGN OUT The head of Canadian online trading platform Wealthsimple Financial Inc. said there's no plans to curb or throttle investors' ability to trade in certain securities.  In a television interview, Wealthsimple Co-Founder and Chief Executive Officer Mike Katchen said the Canadian platform will do what it can to make users aware of the risks of certain volatile securities, but won’t bar clients from making trades. “We see our role as really providing a safe and rel...