Wealthsimple Announces $750 Million Equity Round at $10 Billion Valuation
Wealthsimple, Canada’s leading financial innovator, has announced an equity round of up to CAD 750 million at a post-money valuation of CAD 10 billion. The round includes a CAD 550 million primary offering and a secondary offering of up to CAD 200 million. Co-led by Dragoneer Investment Group and GIC, the funding signals strong global confidence in Wealthsimple’s mission to build the financial platform of the future for Canadians.
New participants include CPP Investments, alongside existing backers such as Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock and Meritech. This diverse group, spanning public pension funds to venture and growth investors, underscores Wealthsimple’s widening appeal and its potential to reshape financial services in Canada and beyond.
From a Simple Investing App to a Comprehensive Financial Platform
Since its inception in 2014, Wealthsimple has been at the forefront of innovation in Canadian finance. The company began by challenging traditional investing norms with commission-free trading and self-directed investment options, then expanded into regulated crypto trading and 24/5 trading. It also redesigned everyday banking with features like bank draft delivery, automatic paycheque allocation, and a no-fee chequing account. Today, Wealthsimple offers an integrated platform that blends self-directed investing, managed portfolios, cryptocurrency, banking services, tax filing, and advisor services under one roof.
Wealthsimple’s approach has consistently focused on accessibility, transparency, and low costs, aligning with the needs of both new investors and seasoned portfolio managers. The platform now serves millions of Canadians who rely on it to grow and manage their money—whether they are just starting out or navigating complex investment strategies.
Strategic Growth: Roadmap and Opportunities
The fresh capital is expected to accelerate Wealthsimple’s product roadmap across investing, banking, and credit. By deepening the value proposition and expanding its platform, Wealthsimple aims to capture more of the growing Canadian and international demand for an all-in-one financial solution. The company has already demonstrated profitable growth, reporting profitability in 2024 and continuing profitability in 2025, with assets under administration rising from CAD 50 billion to CAD 100 billion within a single year.
Wealthsimple’s leadership emphasizes that this round is about building a long-term, sustainable platform. CEO and co-founder Michael Katchen noted that the investors are committed to Wealthsimple’s future and believe in the company’s ability to redefine financial services in Canada. The round’s structure—primarily a primary raise with a secondary component—will support both ongoing business expansion and liquidity for existing shareholders.
Investor Confidence and Market Impact
Dragoneer and GIC’s co-leadership signals a strong vote of confidence from global growth investors who have a track record of supporting category leaders. Afsaneh Lebel of CPP Investments highlighted Wealthsimple’s ability to blend innovation with disciplined growth, while Choo Yong Cheen of GIC emphasized the platform’s track record of accessibility and trust among Canadians. The involvement of CPP Investments and other strategic partners positions Wealthsimple to pursue opportunities beyond domestic borders, reinforcing its ambition to become a defining Canadian technology-led financial platform.
What This Means for Canadians
For Canadians, the new funding round is a sign of continued momentum in the country’s fintech ecosystem. Wealthsimple’s expanded product suite promises to deliver more integrated financial services with competitive pricing, improved user experiences, and greater accessibility. The company’s ongoing efforts—such as the Wealthsimple Presents product showcases and the waitlist for a planned credit card—illustrate a proactive strategy to bring innovative financial tools to market while maintaining a focus on customer-centric design and responsible growth.
Looking Ahead
With a decade of growth behind it and a sizable capital raise to fuel its next phase, Wealthsimple is positioned to accelerate product development and scale its platform further. The company’s mission to empower financial freedom for Canadians remains central as it seeks to deepen engagement across investing, banking, and credit, all while expanding its presence in the broader North American market.
