Toronto-based fintech company WealthSimple has just announced a massive funding round of $610 million, led by Meritech Capital and GreyLock Partners. This news follows the company’s last funding round of $100 million in April 2019. The new funds will be used to expand WealthSimple’s services, which include investment management, banking and financial advice. The influx of capital also signals the rapid growth of the Canadian fintech industry. torontobased wealthsimple 610m meritech greylocketheringtontechcrunch
Toronto continues to remain a hub for tech innovation as one of the major players in the fintech space, Wealthsimple, recently raised $610 million. This announcement comes on the heels of investments from Meritech, Greylock and Hetherington. The news was first reported by Techcrunch, which is highlighting the success of this Canadian startup that provides financial services to both individuals and businesses.
Toronto-based investing platform Wealthsimple just announced a major investment totalling $610 million from Meritech, Greylock and Hetherington Ventures. This news comes on the heels of a successful launch of their automated advisory service that is revolutionizing how people invest. The current round of funding will allow Wealthsimple to further capitalize on its success by expanding its services and creating new products. torontobased wealthsimple 610m meritech greylocketheringtontechcrunch