Wealthsimple, a provider of tools for money management and portfolio investment, has raised $610M in its latest fundraise, valuing it at $4B. Investors include Greylock Partners, Inovia Capital, Redpoint Ventures, as well as celebrities Drake and Ryan Reynolds.

HOW’S THE COMPANY PERFORMING?

  • Canada-based Wealthsimple provides an array of financial services, like a commission-free stock trading platform, cryptocurrency trading, P2P money transfers, and tax filing services.
  • The company has over 1.5M users, with more than $10B in assets under management.
  • Since the Covid-19 pandemic, the company has seen significant growth on its retail investment platform, Wealthsimple Trade, and its crypto trading platform, Wealthsimple Crypto.

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The post Greylock-Backed Wealthsimple Raises $610M, Triples Its Valuation To $4B In 7 Months appeared first on CB Insights Research.

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