Wealthsimple

Wealthsimple in its $100 million investment round

Client

Wealthsimple

Value

$100 million

Service

Emerging and High Growth Companies

Date Closed

May 2019

Industry

FinTech

Lead Office

Toronto

May 22, 2019, Wealthsimple announced it has secured a new $100 million investment round, led by Allianz X, the digital investment unit of German asset manager Allianz Group. Wealthsimple plans to use the funds to continue capturing market share through new products and services.

Founded in 2014, Wealthsimple is Canada’s largest and most popular digital wealth manager.

Osler, Hoskin & Harcourt LLP represented Wealthsimple with a team consisting of Chad Bayne, Justin Dharamdial, Matt Griffin, and Jeremy Lin (Emerging and High Growth Companies), Steve Dickie (Employment) and Lynne Lacoursière (Executive Compensation).