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.
Wealthsimple Financial Inc. provides digital based investment advisory services. It also provides Wealthsimple, an application for Canadian customers to invest their savings and build diversified portfolio of exchange traded funds.
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).