Wealthsimple, Canada’s leading FinTech company, has announced a major equity raise of up to $750m (CAD), bringing its post-money valuation to $10bn.
The funding round includes a $550m primary offering and a secondary offering of up to $200m, co-led by Dragoneer Investment Group and GIC. Other participants include new investor Canada Pension Plan Investment Board (CPP Investments) and existing backers Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock, and Meritech.
Founded in 2014, Wealthsimple has become one of Canada’s most recognised financial innovators, offering investing, saving, spending, and tax solutions. It has played a transformative role in democratising access to investing for millions of Canadians through its managed and self-directed investment platforms. The company also introduced several firsts to the local market, including commission-free trading, regulated crypto trading, and 24/5 access to the markets.
Wealthsimple said the latest capital injection will accelerate its roadmap across investing, spending, and credit products, while also supporting strategic expansion opportunities. The funding will be used to enhance its integrated platform and deepen the value it provides to Canadian customers. The company shared that it was profitable in 2024 and continues to be profitable in 2025, having doubled its assets under administration from $50bn to $100bn in just one 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.”
The company continues to evolve its product offerings. In 2025, Wealthsimple launched a waitlist for its first credit card, which surpassed 300,000 sign-ups within six months. It also introduced Wealthsimple Presents, a biannual live event showcasing its newest financial innovations, attracting nearly 350,000 Canadians to its latest livestream.
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, 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.”
CPP Investments managing director and head of funds Afsaneh Lebel added, “Wealthsimple has built a strong foundation as a trusted financial platform in Canada, combining innovation with disciplined growth. Alongside our partner Dragoneer, we’ve seen the company’s innovative approach to making financial products more accessible to Canadians, consistent with our strategy to back technology-driven businesses that deliver lasting value for CPP contributors and beneficiaries.”
Dragoneer, which focuses on leading high-growth businesses, recently led OpenAI’s $8.3bn round in August 2025 as its largest contributor and also participated in Wealthsimple’s 2021 funding round.
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