Wealthsimple Secures $750 Million Equity Round to Accelerate Growth
Wealthsimple, Canada’s leading financial innovator, announced an equity round of up to CAD 750 million at a CAD 10 billion post-money valuation. The financing, consisting of a CAD 550 million primary offering and a secondary up to CAD 200 million, is led by Dragoneer Investment Group and GIC, signaling strong global confidence in the company’s mission to redefine financial services in Canada.
Strategic Investors and Strong Backing
The round includes new backers CPP Investments and existing investors such as Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock, and Meritech. This syndicate reflects a growing conviction in Wealthsimple’s platform-scale approach, spanning investing, banking, and credit.
From a Simple App to a Comprehensive Platform
Since its 2014 launch, Wealthsimple has driven innovation in Canadian finance. The company popularized commission-free trading, introduced regulated crypto trading, and enabled 24/5 trading. It has also redesigned everyday banking with features like bank draft delivery and automatic paycheque allocation, and offered a flexible chequing account with no monthly fees and minimal foreign exchange costs. Today, Wealthsimple combines self-directed investing, managed portfolios, cryptocurrency, banking services, tax filing, and advisor services into a single, integrated experience.
Strong Financial Foundations Fuel Growth
Wealthsimple reported profitability in 2024 and remains profitable in 2025, with assets under administration rising from $50 billion in 2024 to $100 billion in 2025. The new capital will accelerate the product roadmap across investing, banking, and credit, while enabling strategic opportunities to expand the platform and deepen the value delivered to Canadians.
Leadership Perspectives and Future Outlook
CEO and co-founder Michael Katchen described the round as a testament to the company’s mission and long-term potential. “We were intentional in choosing partners committed to the long-term future of Wealthsimple. These are well-respected, global leaders with a proven track record scaling category leaders,” he said. The investment underscores confidence in Wealthsimple’s trajectory as a defining Canadian financial platform.
Expanded Education and Community Initiatives
In addition to its core services, Wealthsimple operates TLDR, Canada’s widely read financial newsletter with millions of weekly subscribers, and hosts Wealthsimple Presents, a bi-annual live product showcase. The company also launched a waitlist for its first credit card, attracting over 300,000 Canadians in six months, signaling continued demand for integrated financial solutions.
What This Means for Canadians
The new funding is expected to accelerate innovation across products and services, helping Wealthsimple deliver more accessible, lower-cost financial tools for Canadians. By expanding the platform’s capabilities and continuing to scale responsibly, Wealthsimple aims to reinforce its role as a trusted partner for Canadians at every life stage.
Overall, this equity round marks a pivotal milestone in Wealthsimple’s journey—from a simple investing app to a comprehensive financial platform poised to shape the future of Canadian financial services.
