Workplace savings programs should be simple and streamlined, both for employers to manage and for employees to monitor and contribute to their financial growth, according to an update shared by Rippling. That’s why Rippling says it is pleased to announce a new integration with Wealthsimple… Read More
Wealthsimple has introduced a private credit fund meant for retail investors. Digital financial services provider Wealthsimple Technologies Inc. is reportedly expanding its services into the private credit sector via a collaboration with alternative fund manager Sagard, enabling retail investors to gain exposure to a market… Read More
Wealthsimple is reportedly laying off 13% of its staff members as the financial services firm joins the slew of global technology businesses facing market “immense volatility.” In a letter to staff of the Toronto-headquartered company on Wednesday, CEO Michael Katchen noted that 159 of the… Read More
Betterment, an independent digital investment advisor, has entered into an agreement to acquire cryptocurrency portfolio management company Makara. The move allows Betterment clients to invest in diversified cryptocurrency portfolios alongside their current investments. Makara personnel will move over once the deal is finalized later this… Read More
Digital wealth management platform Moneyfarm has confirmed that it will acquire Wealthsimple’s UK business book. Wealthsimple UK has reportedly agreed to transfer its 16,000 UK clients to Moneyfarm by the end of January 2022. The Canadian Robo-advisor said it would no longer be offering its… Read More
Canada-based fintech and global digital investing service Wealthsimple announced on Monday it raised CAD$750 million through its latest investment round and now has a post-money valuation of CAD$5 billion. According to Wealthsimple, The round is led by Meritech and Greylock, with participation from DST… Read More
Betterment, the largest independent online financial advisor, announced on Thursday it has acquired Wealthsimple’s U.S. book of business. Betterment reported that through the acquisition, Wealthsimple will transfer all of their existing U.S.-based customers to the Betterment platform, and will no longer support accounts based in… Read More
Canada-based fintech and global digital investing service Wealthsimple is reportedly planning to launch a cryptocurrency trading feature, Wealthsimple Crypto. Founded in 2014, Wealthsimple claims it is investing “on autopilot” is building its users a personal, low-cost portfolio, and putting users’ money to work like the… Read More
Canada-based fintech and global digital investing service, Wealthsimple announced this week it has acquired SimpleTax, a Canadian web-based tax preparation service. According to Wealthsimple, both companies aim to further their joint mission of making financial tools simple and accessible to everyone. “The acquisition marks Wealthsimple’s… Read More
Canada-based fintech and global digital investing service, Wealthsimple announced on Tuesday it has selected Xignite to power its new online investment manager feature, Wealthsimple Trade, which is described as a new stock-trading mobile app, available in Canada. Wealthsimple reported that it is using Xignite financial… Read More
Canada-based fintech and global digital investing service, Wealthsimple announced on Wednesday it received a $100 million through its latest investment round, which was led by Allianz X, a digital investment unit of the Germany-based Allianz Group, a global insurer and asset manager. Wealthsimple reported that… Read More
On Wednesday, Canada-based fintech and global digital investing service, WealthSimple, announced it has secured £37 million through its latest investment round, which was led by Power Financial. Founded in 2014, Wealthsimple describes itself as a new kind of financial advisor, which is one that is… Read More
Adam Felesky and Paul Desmarais III today announced the closing of a new fund, Portag3 Ventures (“Portag3”), focused on the fintech sector. Felesky, a co-founder and former CEO of Horizons ETFs, has been named President and will run day-to-day operations at the fund. Paul Desmarais III,… Read More
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