Purpose Advisor Solutions acquires Wealthsimple, Inc.

On January 23, 2020, Purpose Advisor Solutions acquired Wealthsimple, Inc., an internet software and services company in Ontario, Canada, from Allianz X GmbH.

Deal at a glance

AnnouncedJanuary 23, 2020 TypeAdd-on Acquistion TargetWealthsimple, Inc. Buyer Purpose Advisor Solutions Seller Allianz X GmbH SectorInternet Software and Services LocationOntario, Canada ValueNot disclosed

Target company

Wealthsimple, Inc.

Ontario, Canada

Internet Software and Servicessector

2017founded

Activestatus

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Buyer

Purpose Advisor Solutions

Company · 1 deal on record

1st transaction in internet software and services
1st transaction in Canada

1deals, all time

1in this sector

2020latest

Seller

Allianz X GmbH

Company · 31 deals on record

31investments

10in this sector

3exits

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Co-investors and the other advisors on this deal

Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired Wealthsimple, Inc.?Purpose Advisor Solutions acquired Wealthsimple, Inc. on January 23, 2020.

Who sold Wealthsimple, Inc.?Allianz X GmbH was the seller.

What type of deal was it?It was a add-on acquistion in the internet software and services sector in 2020.

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