• Toronto-based Wealthsimple, an online brokerage backed by rapper Drake, raises money at a $4 billion valuation after a strong year of retail trading

    7 days ago - By Business Insider

    Canadian rapper, Drake.
    Chris Pizzello/Invision/AP
    A Drake-backed Canadian brokerage is valued at $4 billion in its latest fundraising round.
    Celebrities Ryan Reynolds and Michael J. Fox are other stakeholders in the firm.
    Wealthsimple counts 2 million users and holds $8.4 billion in assets under management.
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    Wealthsimple, an online brokerage part of the Power Corporation of Canada, raised $610 million in its latest fundraising round that values it at about $4 billion. The fintech's big new funding, led by Meritech...
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