Power Financial

Power Financial Corporation is a diversified management and holding company engaged in the financial services sector across Canada, the United States, Europe, and Asia. The company provides a wide range of financial products, including life, disability, critical illness, and health insurance, along with wealth savings, income products, and specialty offerings. It also offers employer-sponsored retirement plans, individual retirement accounts, investment management services, and financial advisory services. Power Financial’s investment portfolio includes mutual funds, pooled funds, segregated funds, and various investment vehicles. Its products are primarily distributed through a network of third-party financial advisors and independent consultants. Established in 1984 and headquartered in Montréal, Canada, Power Financial operates as a subsidiary of Power Corporation of Canada.

Andre Desmarais

CEO and Chairman

9 past transactions

Wealthsimple

Venture Round in 2019
Wealthsimple Financial Inc. is a Toronto-based company that offers digital investment advisory services across Canada, including provinces and territories such as Ontario, British Columbia, and Alberta. Founded in 2014, the firm provides a range of financial tools designed to help investors grow and manage their wealth. Wealthsimple's primary offerings include an application that allows users to invest in diversified portfolios of exchange-traded funds and a hybrid product known as Wealthsimple Cash, which combines savings and spending features. The company serves over one million Canadians and is supported by a team of financial experts and technology professionals with experience from leading firms. In addition to its Canadian operations, Wealthsimple has offices in New York and London and operates as a subsidiary of Purpose Advisor Solutions Inc.

Wealthsimple

Venture Round in 2018
Wealthsimple Financial Inc. is a Toronto-based company that offers digital investment advisory services across Canada, including provinces and territories such as Ontario, British Columbia, and Alberta. Founded in 2014, the firm provides a range of financial tools designed to help investors grow and manage their wealth. Wealthsimple's primary offerings include an application that allows users to invest in diversified portfolios of exchange-traded funds and a hybrid product known as Wealthsimple Cash, which combines savings and spending features. The company serves over one million Canadians and is supported by a team of financial experts and technology professionals with experience from leading firms. In addition to its Canadian operations, Wealthsimple has offices in New York and London and operates as a subsidiary of Purpose Advisor Solutions Inc.

Wealthsimple

Series B in 2017
Wealthsimple Financial Inc. is a Toronto-based company that offers digital investment advisory services across Canada, including provinces and territories such as Ontario, British Columbia, and Alberta. Founded in 2014, the firm provides a range of financial tools designed to help investors grow and manage their wealth. Wealthsimple's primary offerings include an application that allows users to invest in diversified portfolios of exchange-traded funds and a hybrid product known as Wealthsimple Cash, which combines savings and spending features. The company serves over one million Canadians and is supported by a team of financial experts and technology professionals with experience from leading firms. In addition to its Canadian operations, Wealthsimple has offices in New York and London and operates as a subsidiary of Purpose Advisor Solutions Inc.

Wealthsimple

Series B in 2017
Wealthsimple Financial Inc. is a Toronto-based company that offers digital investment advisory services across Canada, including provinces and territories such as Ontario, British Columbia, and Alberta. Founded in 2014, the firm provides a range of financial tools designed to help investors grow and manage their wealth. Wealthsimple's primary offerings include an application that allows users to invest in diversified portfolios of exchange-traded funds and a hybrid product known as Wealthsimple Cash, which combines savings and spending features. The company serves over one million Canadians and is supported by a team of financial experts and technology professionals with experience from leading firms. In addition to its Canadian operations, Wealthsimple has offices in New York and London and operates as a subsidiary of Purpose Advisor Solutions Inc.

Alan

Seed Round in 2016
Alan is a digital health insurance platform that aims to simplify and enhance the user experience of health insurance. Established in 2016, it is notable for being the first new independent insurance provider licensed in France since 1986. The company offers a health plan designed to provide an excellent price-quality ratio for both individuals and businesses. Alan's approach focuses on making healthcare more accessible and efficient, positioning itself as a trusted service that prioritizes customer experience. The company has successfully raised over €125 million from prominent investors, further solidifying its innovative presence in the health insurance sector.

KOHO

Seed Round in 2016
KOHO Financial Inc. is a financial technology company based in Toronto, Canada, founded in 2014. It offers low-cost banking services through a prepaid, reloadable Visa debit card and a mobile application designed to simplify financial management for users. The platform enables customers to conduct their daily banking operations while providing tools for expense management, such as setting financial goals, cash flow projections, group spending features, and spending insights. These functionalities allow users to effectively manage their finances and make informed spending decisions while on the go.

League

Series A in 2016
League, Inc. is a company that develops an enterprise healthcare operating system aimed at improving employee health and lifestyle. Its core offering, the Health Benefits Experience (HBX) platform, functions as a centralized hub for various health solutions, facilitating better engagement and informed decision-making among employees regarding their healthcare. The platform includes features such as a digital wallet for managing coverage and spending accounts, as well as support services for benefits enrollment and navigation. League also provides benefits administration and advisory services, catering to clients in Canada, the United States, and Europe. Founded in 2014 and headquartered in Toronto, Canada, with an office in Chicago, Illinois, League has formed strategic partnerships to enhance its service offerings and foster employee wellness.

Borrowell

Debt Financing in 2016
Borrowell Inc. is a financial services company based in Toronto, Canada, founded in 2014. It operates an online marketplace-lending platform that connects borrowers with lenders, offering a variety of financial products, including personal loans and credit cards. Borrowell provides Canadians with tools to manage their financial well-being, including free credit score monitoring and personalized recommendations for financial products from various partners. The platform aims to simplify the borrowing process by empowering users to make informed decisions, access low-interest loans, and improve their overall financial health. Through its innovative approach, Borrowell seeks to enhance the borrowing experience for Canadians.

Wealthsimple

Series A in 2015
Wealthsimple Financial Inc. is a Toronto-based company that offers digital investment advisory services across Canada, including provinces and territories such as Ontario, British Columbia, and Alberta. Founded in 2014, the firm provides a range of financial tools designed to help investors grow and manage their wealth. Wealthsimple's primary offerings include an application that allows users to invest in diversified portfolios of exchange-traded funds and a hybrid product known as Wealthsimple Cash, which combines savings and spending features. The company serves over one million Canadians and is supported by a team of financial experts and technology professionals with experience from leading firms. In addition to its Canadian operations, Wealthsimple has offices in New York and London and operates as a subsidiary of Purpose Advisor Solutions Inc.
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