Wealthsimple announces $425-million financing at $13.8-billion valuation
AI Overview
Wealthsimple has agreed to up to $425 million CAD in financing at a $13.8 billion post-money valuation.
Why it matters
Wealthsimple's valuation jump from $10 billion to $13.8 billion in a year, alongside $169 billion in assets under administration, shows how fast a Canadian robo-adviser has expanded into full-service banking.