Wealthsimple, a prominent Canadian financial technology firm, has announced a new capital raise of C$425 million. This latest investment round brings the company’s post-money valuation to approximately C$13.8 billion, which is equivalent to about $9.8 billion USD.
The company, which provides various financial services within the digital economy, continues to grow its valuation through this significant injection of capital. The development reflects the continued interest in digital-first financial platforms within the Canadian market.
Source: Finextra
Original article: https://www.finextra.com/newsarticle/48661/wealthsimple-hits-c138bn-valuation?utm_medium=rssfinextra&utm_source=finextrafeed
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