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via betakit.comCapital Markets

Wealthsimple announces $425 million financing at $13.8 billion valuation

FROM THE WIRE · BETAKIT.COM

Existing backers to pour another $300 million into Wealthsimple and buy $125 million in shares from staff.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA large private fintech round, but no directly linked listed securities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Existing backers will invest another $300 million in Wealthsimple.
  2. 02An additional $125 million will be used to buy shares from staff.
  3. 03The company is valued at $13.8 billion.

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