Torontobased Wealthsimple 610m Meritech Greylocketheringtontechcrunch
Toronto-based Wealthsimple, a financial services provider for the modern day investor, has recently raised an impressive $610 million in an expansive round of funding. Led by Meritech Capital, Greylock Partners and Wellington Management, the financing places Wealthsimple's market capitalization at a whopping $2.2 billion and cement support from the venture capital firms in its mission to create a gaming-changing financial services platform.
The Rise of Wealthsimple
In a time when the banking industry has yet to fully modernize, Wealthsimple has made a name for itself in the financial services market by being bold and innovative. Founded in 2015 by CEO and Chairman Michael Katchen, the platform has made tremendous strides in powering their efforts to make financial services accessible, af...