Wealthsimple, one of Canada’s leading FinTech companies, has announced a significant equity round of up to CAD $750m, propelling its post-money valuation to CAD $10bn.
The round was co-led by Dragoneer Investment Group and GIC, alongside participation from CPP Investments, Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock and Meritech.
Founded in 2014 and headquartered in Toronto, Wealthsimple has established itself as one of Canada’s most trusted money management platforms. The company provides a suite of simple yet sophisticated tools spanning managed and self-directed investing, digital assets, tax filing, spending and saving. Serving over three million Canadians, Wealthsimple has become a key player in reshaping how consumers approach wealth building and financial freedom.
The newly secured capital will accelerate Wealthsimple’s product roadmap and support expansion across its investing, spending and credit offerings. The company aims to deepen the value it delivers to Canadians and pursue strategic opportunities to enhance its platform.
Following a profitable 2024, Wealthsimple shared that it continues to be profitable in 2025, having doubled its assets under administration from $50bn to $100bn within a year.
Wealthsimple CEO and co-founder Michael Katchen said, “This raise reflects deep confidence from new and returning investors in our mission and our role as a defining Canadian company. 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, and who believe in our vision for the future of financial services.”
Dragoneer Investment Group partner Christian Jensen said, “Few companies have achieved what Wealthsimple has in the last few years. The Wealthsimple team has built an expansive financial platform that millions of Canadians trust. They’re not just participating in Canada’s financial services industry; they’re redefining it. Wealthsimple’s product velocity, customer obsession, and category leadership remind us of some of the most enduring global companies and we’re thrilled to be partnering with them in this next phase of growth.”
GIC chief investment officer of private equity Choo Yong Cheen said, “We look for companies that will transform industries for decades to come, and Wealthsimple is one of them. Their track record of innovation, from investing to trading to spending, combined with deep trust from Canadians, positions them to build a defining, generational company in Canadian financial services.”
Source: https://fintech.global/
