About WealthBar
WealthBar is a company based in Vancouver (Canada) founded in 2012 was acquired by CI Financial in December 2018.. WealthBar has raised $4.26 million across 1 funding round from investors including CI Financial and Nicola Wealth. WealthBar has completed 1 acquisition, including Snap Projections. WealthBar offers products and services including Investing Platform and Trading Platform. WealthBar operates in a competitive market with competitors including Wealthsimple, Nest Wealth, Responsive, Investia Financial Services and Quiena, among others.
- Headquarter Vancouver, Canada
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wealthbar Financial Services Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.26 M (USD)
in 1 rounds
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Latest Funding Round
$4.26 M (USD), Series A
May 09, 2016
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Investors
CI Financial
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
CI Financial
(Dec 14, 2018)
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Products & Services of WealthBar
WealthBar offers a comprehensive portfolio of products and services, including Investing Platform and Trading Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managed investments and personalized financial advice
Tools for self-directed trading with low fees and execution
Funding Insights of WealthBar
WealthBar has successfully raised a total of $4.26M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.26 million completed in May 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $4.3M
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First Round
First Round
(09 May 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Series A - WealthBar | Valuation | Nicola Wealth |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WealthBar
WealthBar has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include CI Financial and Nicola Wealth. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Offers wealth management services and invests in growth-equity companies through funds.
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Founded Year | Domain | Location | |
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Wealth management and asset management advisory services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WealthBar
WealthBar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Snap Projections. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Retirement planning software is offered to financial advisors.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - WealthBar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wealthbar Comparisons
Competitors of WealthBar
WealthBar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wealthsimple, Nest Wealth, Responsive, Investia Financial Services and Quiena, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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| domain | founded_year | HQ Location |
Fully managed investment account.
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| domain | founded_year | HQ Location |
AI-driven portfolios are adapted to global economic changes for users.
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| domain | founded_year | HQ Location |
Financial advisory and investment services are offered to individuals online.
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| domain | founded_year | HQ Location |
Automated financial advice is offered for US asset investments.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wealthbar
Frequently Asked Questions about WealthBar
When was WealthBar founded?
WealthBar was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is WealthBar located?
WealthBar is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is WealthBar a funded company?
WealthBar is a funded company, having raised a total of $4.26M across 1 funding round to date. The company's 1st funding round was a Series A of $4.26M, raised on May 09, 2016.
What does WealthBar do?
WealthBar was founded in 2012 in Vancouver, Canada, and operates within the financial services sector. Portfolio management and advisory services are delivered through an online platform that provides automated investment advice. Human advisors are utilized to address complex client needs, such as insurance, taxes, and savings strategies. The service focuses on accessible financial guidance for individual investors across Canada.
Who are the top competitors of WealthBar?
WealthBar's top competitors include Wealthsimple, Responsive and Investia Financial Services.
What products or services does WealthBar offer?
WealthBar offers Investing Platform and Trading Platform.
How many acquisitions has WealthBar made?
WealthBar has made 1 acquisition, including Snap Projections.
Who are WealthBar's investors?
WealthBar has 2 investors. Key investors include CI Financial, and Nicola Wealth.