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Power Financial

Power Financial

A venture capital firm in Canada that focuses on the financial-services industry.

Power Financial is a venture capital firm in Canada that focuses on the financial-services industry. Founded 1984 in Toronto, Ontario, Canada, it invests in funding rounds, venture rounds, series B, seed rounds, debt financing and series A rounds. Its portfolio companies include Wealthsimple, Alan, KOHO Financial, and Borrowell. As of April 2020, Power Financial Corporation has made nine investments. Their most recent investment was on May 22, 2019, when Wealthsimple raised CA$100M. Power Financial is a diversified management and holding company that has interests, directly or indirectly, in companies in the financial services sector in Canada, the United States, Europe and Asia.

Timeline

1984
Founded

Invested in

Patents

Funding Rounds Participated In

Further reading

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Documentaries, videos and podcasts

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News

Title
Author
Date
Publisher
Description
Barbara Shecter
December 3, 2019
Financial Post
Caisse CEO Michael Sabia will be leaving in February, but the company will continue to invest in startups with potential.Kevin Van Paassen/Bloomberg files
Isabelle Kirkwood
July 30, 2019
BetaKit
With support from Power-owned Diagram Ventures, Mortgage startup Nesto is the newest startup to join Power Financial's FinTech Justice League.

References

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