Fintech startup Wealthsimple sees major 2017 growth: Reuters
Canadian online investment startup Wealthsimple expects to have over a billion dollars in assets under management this year as it plans for significant growth in 2017, its chief executive told Reuters.Launched just two years ago and backed by Power Financial Corp, the startup currently has about 15,000 clients in Canada investing some $750 million in exchange traded funds. "We're planning on some really major growth this year. We're certainly looking to cross the billion (dollar) threshold in very short order and get to billions very quickly thereafter," said Mike Katchen, the 29-year-old founder and CEO of the Toronto-based company.
10 January 2017•2 mins read
