Wealthsimple Raises CAD $425M at CAD $13.8B Valuation

Wealthsimple, based in Toronto, Canada, is a financial technology company that provides a comprehensive suite of financial products including managed investing, self-directed trading, chequing, and spending. The company has raised CAD $425 million in an equity financing round at a post-money valuation of CAD $13.8 billion.

Investors

This round was led by GIC, a global investment firm managing Singapore's foreign reserves. Participating investors included Power Corporation of Canada, IGM Financial Inc., ICONIQ, CPP Investments, and Inovia.

Wealthsimple Use of Funds

Wealthsimple plans to use the new capital to accelerate its product roadmap, which includes expanding its business services, everyday spending and chequing capabilities, and trading and investment products. Additionally, the funding includes a secondary offering to allow employees to share in the company's value creation.

About Wealthsimple

Founded in 2014 by a team of financial experts and technology entrepreneurs, Wealthsimple aims to provide simple and sophisticated financial tools to Canadians. The company has grown from an investing platform into a comprehensive financial services provider that manages approximately CAD $169 billion in assets for more than 4 million users.

Funding Details

Company Website: https://wealthsimple.com

Company: Wealthsimple
Raised: CAD $425M
Round: Equity Round
Funding Date: October 27, 2026
Lead Investor: GIC
Additional Investors: Power Corporation of Canada, IGM Financial Inc., ICONIQ, CPP Investments, Inovia
Company Website: www.wealthsimple.com
Software Category: Fintech
Source: https://newsroom.wealthsimple.com/wealthsimple-raises-425-million-at-138-billion-valuation-to-accelerate-growth