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Wealthsimple co-founder Rudy Adler steps back as CMO as company makes exec changes

Wealthsimple co-founder Rudy Adler has stepped away from his operational role at Wealthsimple as chief marketing officer.

Q3 outlook forecasts cloudy days ahead for fintech M&A – TechCrunch

Fintech M&A was down in Q2 and the prospects for Q3 remain cloudy.

Canadian fintechs face uphill battle as launch of national payments system grapples with delays

Alpaca Launches Broker API That Lets You Build Your Own Robinhood

Digital wealth manager Betterment to acquire Wealthsimple's US clients

Betterment Digital wealth manager Betterment is buying Canadian rival Wealthsimple s US book of business. Betterment, which manages some $28 billion in assets, will absorb around $190 million in assets. CEO Sarah Levy told Insider that Betterment, which launched in 2010, is on a path to an IPO. Betterment is set to acquire Canadian competitor Wealthsimple s US-based customer accounts in a deal that will add some $190 million in assets and 17,000 customers to the robo-advisor just three months after the fintech named a new chief executive to usher in growth and expansion. A pioneer in the robo-advisor space since it launched in 2010 to help customers automate the investing process for low fees, Betterment said it will complete the transfer of Wealthsimple s US-based customer accounts by June, and that those clients will have the choice to opt out of that transfer.