Moneyfarm acquires VC-backed Wealthsimple’s UK business

Moneyfarm said it has acquired the UK book of business of Wealthsimple, a Toronto-based provider of digital financial products, according to a blog post. Moneyfarm said it has acquired the UK book of business of Wealthsimple, a Toronto-based provider of digital financial products, according to a blog post. No financial terms were disclosed. Wealthsimple this year raised a C$750 million financing led by Meritech and Greylock. Moneyfarm, a London-based digital wealth management company, is backed by Allianz, Cabot Square Capital, United Ventures and others.

Source: Blog post