Wealthsimple Advances Canadian Fintech Leadership with Major Funding
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 financing comprises a CAD 550 million primary offering and a secondary up to CAD 200 million, and is led by Dragoneer Investment Group and GIC. The round adds new investor CPP Investments and includes existing backers Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock and Meritech. This investment signals a strong vote of confidence in Wealthsimple’s mission to build the financial platform of the future for Canadians.
Strategic Growth to Expand Product Roadmap
With a profitable and growing business, Wealthsimple plans to accelerate its product roadmap across investing, banking and credit, while expanding opportunities to deepen value for Canadian customers. The new capital supports ongoing innovations and potential strategic opportunities to broaden Wealthsimple’s platform, including enhanced features in self-directed and managed investing, regulated crypto, and everyday banking services.
A Track Record of Growth and Profitability
Wealthsimple has repeatedly set industry standards since 2014, introducing commission-free trading, regulated crypto trading and 24/5 trading. The company has also redesigned daily banking, offering features such as bank draft delivery, automatic paycheque allocation and a chequing account with no monthly fees, foreign exchange fees or ATM charges. From a simple investing app, Wealthsimple has evolved into a comprehensive financial platform used by millions of Canadians to grow and manage wealth across diverse needs.
Momentum in Assets and Revenue
The financing comes on the heels of notable momentum. Wealthsimple reported profitability in 2024 and expects to remain profitable in 2025. The firm reached CAD 100 billion in assets under administration in 2025, doubling from the prior year’s CAD 50 billion. This growth underpins the company’s confidence that the new funding will accelerate platform development and fuel strategic geographic and product expansion within Canada.
Leadership and Investor Confidence
CEO and co-founder Michael Katchen framed the round as a clear sign of market trust in Wealthsimple’s long-term vision. “We chose partners committed to the future of Wealthsimple—global leaders with a proven track record of scaling category leaders and belief in our mission,” he said. The investor lineup reflects both new capital and continued support from existing backers, reinforcing Wealthsimple’s position as a defining Canadian financial platform.
Market Impact and Canadian Financial Services
Beyond trading and banking, Wealthsimple has built Canada’s most-read financial newsletter, TLDR, reaching millions of weekly readers. The company has also tested growth through initiatives like Wealthsimple Presents, a bi-annual product showcase that drew nearly 350,000 registrations for its 2025 livestream events, highlighting ongoing customer engagement and education as part of its growth strategy.
What Comes Next
With this new capital, Wealthsimple intends to accelerate its product roadmap, deepen customer value, and pursue strategic opportunities to expand its platform for Canadians. The round underscores a broader belief among global investors that Wealthsimple is reshaping the landscape of financial services in Canada and beyond.
