Français Careers OUR OTHER SITES Investors Companies News Governance About ALL SECTIONS Fintech Investments Companies Organization Chart Power Financial Great-West Lifeco IGM Financial Groupe Bruxelles Lambert Fintech Investments Investment Platforms China AMC In partnership with our subsidiaries Great-West Lifeco and IGM Financial, we have been actively participating in the emerging fintech industry. The group believes that fintech will change business models in financial services, making financial advice, insurance and investment services more accessible to consumers and available to them by the means and at the times that best suit them. This fintech strategy aims at providing an attractive return on the capital invested while helping our existing financial services businesses transform their models. The investments to date have contributed to building leading platforms that are expected to be part of the next generation of financial services. The fintech strategy enables the group to learn from, adopt and integrate new technologies and understand how these disruptive business models will affect the current business and how to react to changes in the environment to be more effective. The fintech strategy has three objectives: 1) Through the Portag3 funds, create an ecosystem of early-stage investments in promising fintech companies that have potential for global impact; 2) Make significant investments in leading digital financial services providers including Wealthsimple, one of Canada’s leading financial technology companies; and 3) Through Diagram, develop a fintech venture builder to support the creation of the next generation of Canadian-based global fintech companies. Investments Portage Ventures Portage Ventures (“Portage”) is the venture capital arm of our subsidiary Sagard Holdings, a multi-strategy alternative investment platform. Portage manages investment funds dedicated to backing innovative financial services companies that have the potential for change and global impact. Portage brings together Power Corporation group companies and external investors to establish a leading, interconnected fintech ecosystem that scales portfolio companies, shares key market insights, and leverages collective distribution power to drive financial services innovation across the globe. As at March 31, 2020, through its funds, Portage Ventures LP and Portage Ventures II LP, Portage had invested in more than 50 fintech companies and investment funds. Portage Ventures Website Wealthsimple Wealthsimple is one of Canada’s leading financial technology companies, and operates one of the country’s largest and fastest-growing digital investing services. Wealthsimple continues to expand its presence in the marketplace and diversify its offering of investment, savings, and tax products. As at March 31, 2020, Wealthsimple had over 350,000 clients across the Canadian, United States and United Kingdom markets with assets under administration of over $6.8 billion. Wealthsimple Website Personal Capital Personal Capital is a remote-delivery, industry-leading digital wealth management company that helps people transform their financial lives through technology and advisory services. The company’s state-of-the-art tools and technology provide investors with a complete financial picture, utilized by over 2.5 million customers. Its registered investment advisors provide expert guidance, and customized strategies, based on a personal understanding of an investor’s financial picture and goals. Personal Capital manages over US$12 billion in assets, virtually delivered from offices across the United States. Personal Capital Website Diagram Ventures Diagram Ventures (“Diagram”) co-founds companies that pursue transformational innovation in the financial and insurance sectors. Diagram combines venture capital investment, incubator-style support and competitive advantages of large incumbents into a unique, entrepreneur-friendly model. As a leading venture builder, Diagram offers founders a unique platform to launch a business, scale it, and pursue global success. As at March 31, 2020, Diagram has launched eight companies that employ over 450 full-time employees across North America. Diagram Website KOHO Financial KOHO Financial (“KOHO”) is a Canada-based digital platform offering a suite of financial services to provide consumers an experience that is an alternative to a traditional bank. KOHO Website Contact Legal © Power Corporation of Canada 2021. All rights reserved.