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Holding Company
powerfinancial.com

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Investments

5

About Power Financial Corporation

Power Financial Corporation 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. It also has diversified investments in industrial companies based in Europe. Power Financial Corporation is a member of the Power Corporation Group of Companies.

Power Financial Corporation Headquarter Location

751 Victoria Square

Montreal, Quebec, H2Y 2J3,

Canada

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Latest Power Financial Corporation News

Huawei Launches Global Open Banking Partnership with Neonomics to Power Financial Services on AppGallery

Nov 11, 2021

As Huawei continues to identify new routes for innovation in the financial services industry, it has today announced plans to enable Open Banking services on AppGallery through a new partnership with Neonomics – the leading pure API platform provider. The partnership will boost AppGallery’s vision of driving innovation and providing better financial services to partners […] The post Huawei Launches Global Open Banking Partnership with Neonomics to Power Financial Services on AppGallery appeared first on Fintech Finance.

Power Financial Corporation Investments

5 Investments

Power Financial Corporation has made 5 investments. Their latest investment was in Alan as part of their Seed VC on October 10, 2016.

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Power Financial Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/25/2016

Seed VC

Alan

$13M

Yes

CNP Assurances, Partech Partners, Portag3 Ventures, and Undisclosed Angel Investors

8

6/14/2016

Series A

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$99M

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10

4/7/2016

Seed VC - II

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$99M

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10

2/23/2016

Debt

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$99M

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10

4/9/2015

Series A

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$99M

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10

Date

10/25/2016

6/14/2016

4/7/2016

2/23/2016

4/9/2015

Round

Seed VC

Series A

Seed VC - II

Debt

Series A

Company

Alan

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Amount

$13M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

CNP Assurances, Partech Partners, Portag3 Ventures, and Undisclosed Angel Investors

Sources

8

10

10

10

10

Power Financial Corporation Acquisitions

4 Acquisitions

Power Financial Corporation acquired 4 companies. Their latest acquisition was Wealthsimple on May 15, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/15/2019

Unattributed VC

$991

$712.38M

Corporate Majority - IV

2

2/21/2018

Unattributed VC

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$99M

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10

1/31/2017

Unattributed VC

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$991

$99M

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10

3/31/2016

Unattributed VC

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$99M

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10

Date

5/15/2019

2/21/2018

1/31/2017

3/31/2016

Investment Stage

Unattributed VC

Unattributed VC

Unattributed VC

Unattributed VC

Companies

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Valuation

$991

$991

Total Funding

$712.38M

$99M

$99M

$99M

Note

Corporate Majority - IV

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Sources

2

10

10

10

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