Wealthsimple completes $37M Series B

Online investment company Wealthsimple is celebrating a $37 million Series B investment from Power Financial Corporation. The company has attracted $74 million so far and has more than $750 million of assets from more than 30,000 clients under administration.

“Many people don’t know where to start when it comes to investing, and Wealthsimple is looking to solve that problem by making investing a really simple experience,” Wealthsimple founder and CEO Michael Katchen said. “It’s been encouraging to see the response from both first-time and experienced investors, and we’re looking forward to continuing our growth in the U.S. and Canada.”