Wealthsimple News

New Unicorn Wealthsimple Plans Insurance, Mortgage Products Buildout Before IPO

Fresh off achieving a $1 billion valuation, Wealthsimple Inc.’s top executive says the firm has more work to do before pursuing an initial public offering. The online investment company, which on Wednesday announced a new funding round that raised C$114 …

Allianz Invests in Canadian Robo Adviser Wealthsimple, Leading $75M Funding Round

Wealthsimple, the Canadian robo adviser company controlled by Power Financial Corp., is gaining another behemoth shareholder as it slowly gears up for an initial public offering. Allianz X, the tech investment fund of Munich-based insurer and asset manager Allianz SE, …