Wealthsimple

wealthtech-retailrobo advisors

STATUS: Acquired/Merged
FOUNDING YEAR: 2014
LOCATION: Canada
Last Update: 17/07/2020

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About

Wealthsimple is a financial robo-adviser. The company handles portfolio management and investment decisions, and automates all of the back office to deliver investment advice. The minimum investment is $5000 to open an account.

Focus

PRODUCTS & SERVICES

Online investment platform.

REVENUE MODEL

Wealthsimple charges a 0.5% fee for investments up to $100,000 with a fee of 0.4% above that sum.

MAIN CLIENTS

Retail investors and savers

Traction

VALUATION / MARKET CAP:

$346.67 M in 2017

TRACTION COMMENT:

The company manages approximately $1.45 billion for over 65,000 clients in Canada, United States, and United Kingdom (Feb 2018).

People

FOUNDERS

Mike Katchen

Michael Katchen

Brett Huneycutt

Rudy Adler

BOARD MEMBERS AND ADVISORS

Rudy Adler

Bruno Virlet

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Allianz X

Christian Lassonde

Dan Debow

David Ossip

Impression Ventures

Joe Canavan

Power Financial Corporation

Roger Martin

KEY EMPLOYEES:

Michael Katchen(CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$187.49 M

DATE OF LAST FUNDING

May 2019

TOTAL FUNDING COMMENT

The company is planning to use the new capital to extend its investing product, explore new financial product offerings, accelerate growth across its three markets, and further develop its B2B platform (Feb 2018).

SEED & PRIOR FUNDING

$1.72 M

SEED CLOSED ON

Sep 2014

FUNDING SERIES

SERIES A  · $23.88 M  · Apr 2015

SERIES B  · $36.49 M  · May 2017

SERIES C  · $51 M  · Feb 2018

OTHERS  · $74.41 M · May 2019

LISTED

NO

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2014

LOCATION:

Canada

Views:

295 VISITORS | 506 VIEWS
LATEST FUNDING ROUND

$187 M

TOTAL EMPLOYEES
51-200

About

Wealthsimple is a financial robo-adviser. The company handles portfolio management and investment decisions, and automates all of the back office to deliver investment advice. The minimum investment is $5000 to open an account.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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