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Canada’s Wealthsimple Raises Funds at $9.8 Billion Valuation
Source: Bloomberg
FintechPrivate Markets & Venture
Wealthsimple Financial Corp. was valued at C$13.8 billion (US$9.8 billion) after agreeing to raise as much as C$425 million in an equity round, according to a Tuesday statement. The financing and valuation are positive signals for the Toronto-based fintech, though the statement does not specify that the full amount has been raised.
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