Tech Company Financing Transactions

Wealthsimple Funding Round

Wealthsimple, based in Toronto ON, secured $86.7 million in investment from TCV, Allianz X and Greylock Partners.

Transaction Overview

Company Name
Announced On
10/15/2020
Transaction Type
Venture Equity
Amount
$86,700,000
Round
Undisclosed
Investors

TCV (Lead Investor) (David Yuan)

Allianz X (Nazim Cetin)

Greylock Partners

Meritech Capital Partners

Two Sigma Ventures

Proceeds Purpose
The startup plans to use the new capital to continue building out its current products, as well as to add new products as part of its broader push to replace traditional banks.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
241 Spadina Ave. 3rd Floor
Toronto ON, M5T 2E2
Canada
Email Address
Overview
We're on a mission to make financial services simple and affordable for everyone. Backed by some of the biggest names in finance and tech, we're growing quickly and going global. We're motivated by delivering long-term value to our clients, and believe the opportunity to reinvent financial services for a new generation is all within our grasp.
Profile
Wealthsimple LinkedIn Company Profile
Social Media
Wealthsimple Company Twitter Account
Company News
Wealthsimple News
Facebook
Wealthsimple on Facebook
YouTube
Wealthsimple on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Michael Katchen
  Michael Katchen LinkedIn Profile  Michael Katchen Twitter Account  Michael Katchen News  Michael Katchen on Facebook
Chief Financial Officer
Aimee Fearon
  Aimee Fearon LinkedIn Profile  Aimee Fearon Twitter Account  Aimee Fearon News  Aimee Fearon on Facebook
Chief Operating Officer
Brett Huneycutt
  Brett Huneycutt LinkedIn Profile  Brett Huneycutt Twitter Account  Brett Huneycutt News  Brett Huneycutt on Facebook
Chief Technical Officer
Karney Li
  Karney Li LinkedIn Profile  Karney Li Twitter Account  Karney Li News  Karney Li on Facebook
VP - General Counsel
Blair Wiley
  Blair Wiley LinkedIn Profile  Blair Wiley Twitter Account  Blair Wiley News  Blair Wiley on Facebook
VP - Human Resources
Marina Harris
  Marina Harris LinkedIn Profile  Marina Harris Twitter Account  Marina Harris News  Marina Harris on Facebook
VP - Product Management
Rudy Adler
  Rudy Adler LinkedIn Profile  Rudy Adler Twitter Account  Rudy Adler News  Rudy Adler on Facebook


 

 

Browse more venture capital transactions:

Prev: 10/15/2020: Linear Labs venture capital transaction
Next: 10/15/2020: Polygon.io venture capital transaction

 

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About Database of VC Transactions

We document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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